Chipotle Drive-Through
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For Sale
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1245 Tazewell Street, Wytheville, VA 24382
Corporate-leased quick-service restaurant near US Route 21 and the I-81/I-77 interchange.
Property Size2,325 SF
Price / SF$1,189
Days on Market6
Property Features for 1245 Tazewell Street
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$148,000
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay Alexandria
Listed By:
Austin J Smith · License #MD 0676339
Source:
Crexi
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 4 at 4:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay Alexandria
Investment Insights
Based on property information with market context.
This 2,325-square-foot drive-through restaurant was built in 2026 and is leased to Chipotle. The corporate lease has 14+ years remaining, includes four 5-year renewal options, and provides 10% rent increases every five years during the initial term and at the beginning of each renewal option.
The property is located at 1245 Tazewell Street in Wytheville, Virginia, near US Route 21 and just east of the Interstate 81 and Interstate 77 interchange. The surrounding commercial area includes national retailers, hotels, restaurants, healthcare facilities, service businesses, schools, and manufacturing and distribution employers. Wythe County Community Hospital, Wytheville Community College, Gatorade/PepsiCo, Pepsi Bottling Ventures, and the Bluefield College Wytheville campus are identified among the area's economic and institutional drivers.
The property is located at 1245 Tazewell Street in Wytheville, Virginia, near US Route 21 and just east of the Interstate 81 and Interstate 77 interchange. The surrounding commercial area includes national retailers, hotels, restaurants, healthcare facilities, service businesses, schools, and manufacturing and distribution employers. Wythe County Community Hospital, Wytheville Community College, Gatorade/PepsiCo, Pepsi Bottling Ventures, and the Bluefield College Wytheville campus are identified among the area's economic and institutional drivers.
Key Highlights
- New construction completed in 2026
- 2,325‑square‑foot drive‑through restaurant leased to Chipotle
- 14+ years remaining on the lease
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Explore this area
Business Placement
Demographics for 24382, VA
14,109
Population
7,682
Households
1.8
Avg Household Size
46
Median Age
23%
College-Educated
88%
High-School Grad
189.9 sq mi
ZIP Area
74
Density / Sq Mi
$52,234
Median Household Income
$38,208
Median Earnings
$706
Median Rent
$167,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Corporate-leased quick-service restaurant near US Route 21 and the I-81/I-77 interchange.
Where is this drive through restaurant located?
The property is located at 1245 Tazewell Street Wytheville, VA.
What is the asking price?
The asking price for this property is $2,766,355.
What are key features of this property?
This property features: New construction completed in 2026; 2,325‑square‑foot drive‑through restaurant leased to Chipotle; 14+ years remaining on the lease
