• Broker Jacob Morgan 2065502515

Kizuki Ramen Restaurant and Central Kitchen 505 Rainier Ave N 5,001 SF Retail Building Renton, WA 98057 $3,000,000 ($599.88/SF) 6% Cap Rate

View Photo

INVESTMENT HIGHLIGHTS

  • Standalone Building
  • Long Term Lease
  • Rainier Ave Visibility
  • Sale Leaseback
  • 39 parking stalls
  • Credit Tenant

EXECUTIVE SUMMARY

Award winning Kizuki Ramen is presenting the opportunity to invest in the parent company's Renton Restaurant and Central Kitchen location. Kizuki will be executing a longterm lease at the site showcasing their long term commitment to the Pacific Northwest and Renton location. Having purchased the building in 2015, Kizuki has completed nearly $1,350,000 in building upgrades, fully renovating the dedicated restaurant space and completing an intense expansion of the building to include the company's central kitchen, ground zero for the companies operations.
Kizuki Ramen is currently operating in six states (Washington, Oregon, California, Texas, Illinois and Indiana) with one more pending and multiple location lease pending or in buildout. Kizuki has been operating at the location for almost ten (10) years and pairing the restaurant with the company's central kitchen serves as the heart and soul of the entire concept. Kizuki is demonstrating their commitment to the region through this long term leaseback commitment.

ATTACHMENTS

Kizuki Renton Sale Flyer

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
  • Restaurant
  • General Retail Freestanding
Restaurant
Building Size
5,001 SF
Building Class
C
Year Built/Renovated
1958/2023
Price
$3,000,000
Price Per SF
$599.88
Cap Rate
6%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.53 AC
Zoning
CA, Renton
Parking
39 Spaces (7.8 Spaces per 1,000 SF Leased)

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Rainier Ave S NW 3rd Pl, S 22,003 2025 0.13 mi
Taylor Ave NW NW 3rd Pl, S 5,596 2025 0.19 mi
NW 3rd Pl Hardie Ave NW, W 1,262 2025 0.21 mi
Rainier Ave S Renton Ave S, S 24,972 2025 0.30 mi
Taylor Ave NW NW 2nd Pl, S 5,054 2025 0.31 mi
Airport Way S Lake Ave S, E 36,960 2025 0.36 mi
Renton Ave S Rainier Ave S, NE 20,734 2025 0.38 mi
Rainier Ave S Tobin St, S 38,483 2025 0.41 mi
Logan Ave N N 4th St, N 27,838 2025 0.50 mi
Airport Way S Perimeter Rd W, W 35,022 2025 0.50 mi

NEARBY MAJOR RETAILERS

Anytime Fitness
Starbucks
Banner Bank
Red Robin
Five Guys
LA Fitness
KeyBank
Buddy's Home Furnishings
TacoTime
Safeway

PROPERTY TAXES

Parcel Number 420240-1500 Improvements Assessment $459,700
Land Assessment $572,100 Total Assessment $1,031,800

PROPERTY TAXES

Parcel Number
420240-1500
Land Assessment
$572,100
Improvements Assessment
$459,700
Total Assessment
$1,031,800

MAP

ADDITIONAL PHOTOS

View Photo Renton Interior Restaurant
View Photo Kizuki Locations
View Photo Kizuki Bellevue
View Photo Brand 3
View Photo Brand 2
View Photo interior
View Photo Location 2 interior
  • Listing ID: 33662500

  • Date on Market: 10/28/2024

  • Last Updated: 6/17/2025

  • Address: 505 Rainier Ave N, Renton, WA 98057