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23515 NE Novelty Hill Rd
Redmond, WA 98053 Union Hill-Novelty Hill

$5,410 USD/MO

Storefront For Lease  •  1,855 SF

Property Details

  • Property Type Storefront
  • Year Built 2005
  • Total Building Size 19,532 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning CBP
30 Transit Score
40 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste B 201 Retail 1,855 SF $35.00 USD/SF/YR
Position your business at The Village at Redmond Ridge, an established daily-needs shopping center anchored by QFC and surrounded by one of Redmond’s most affluent and highly educated communities. This 1,855 SF rare endcap space delivers unmatched visibility and steady traffic, situated directly adjacent to QFC—the center’s dominant traffic generator.
The property benefits from strong co-tenancy with national and regional brands including Starbucks, McDonald’s, MOD Pizza, Wells Fargo, and Swedish Medical. Located along NE Novelty Hill Road, the center serves a growing residential base with average household incomes exceeding $280,000 within three miles, creating significant retail and service demand.
Tenants will enjoy synergy from a vibrant mix of dining, retail, medical, and personal services, as well as convenient access to major tech corridors that house Microsoft, Meta, and other global employers. Surrounded by dense housing and recreational amenities like The Golf Club at Redmond Ridge, this location offers a stable, repeat customer base and long-term growth opportunity.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet

Description

The property is positioned within The Village at Redmond Ridge, adjacent to NE Novelty Hill Road in Redmond, WA. It is part of a grocery-anchored retail center with multiple national and regional tenants. The surrounding trade area includes single-family developments, multifamily communities, schools, and recreational amenities. The location is in close proximity to Microsoft, Meta, and other technology firms within Redmond and the greater Eastside region. The site plan offers a mix of retail, dining, financial services, fitness, and healthcare uses.

Highlights

High-visibility endcap with premium frontage adjacent to QFC anchor
Strong daily needs synergy in a thriving residential community
Affluent demographic base with average household income of $280,059 within 3 miles
Excellent co-tenancy including Starbucks, MOD Pizza, McDonald’s, and Swedish Medical
Convenient access to major tech employers: Microsoft, Meta, Nintendo, and SpaceX

Property Flyers

Amenities

  • Pylon Sign
  • Signage
  • Air Conditioning
  • Smoke Detector

Major Tenants

Tenant SF Occupied Lease End Date
Guardian Vault 8/1/2031
Luigi's 5/1/2031
Papa Murphy's Take N' Bake Pizza
Ridge Cleaners
Select Physical Therapy
Starbucks
The UPS Store
Verizon
Victra
Village Dentistry

Public Transportation

AirportDriveWalkDistance
Seattle Paine Field International 43 min - 25.8 mi
Seattle-Tacoma International 44 min - 29.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Steve Olsen 425-455-0500 JSH Properties, Inc.
Steve Olsen 425-455-0500 JSH Properties, Inc.