Restaurant with Outdoor
New
For Sale
$3,323,918
12697 Ridgefield Village Dr, Woodbridge, VA 22193
A new Chipotle location is planned under a corporate lease with scheduled rent increases.
Property Size2,303 SF
Lot Size0.63 Acres
Price / SF$1,443
Days on Market2
Property Features for 12697 Ridgefield Village Dr
General Information
Standard status
Active
Size
2,303 SF
Lot size
0.63 Acres
Property subtype
Restaurant
Lease Type
NNN
Additional Details
Cap Rate
4.85%
Patio
Yes
Amenities
15-Year Lease with 10% Increases Every 5 Years
Expanding Retail Node Surrounded by Upscale Residential
Eligible for Depreciation
Affluent Northern Virginia Region; $168,217 AHHI
Implied Investment Grade Credit (NYSE:CMG)
Building Details
Building Size
2,303 SF
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dean Zang · License #License(s): MD: 665335, VA: 0225239201
(202) 536-3754
Source:
Marcusmillichap
Added: Sep 26
Last Checked: Sep 26 at 3:36PM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
The property is a newly constructed 2,303-square-foot Chipotle restaurant with outdoor patio dining on a 0.63-acre parcel. The fee-simple offering is subject to a new 15-year corporate lease commencing in Summer 2026, with rent increases of 10% every five years.
The site has access from both Ridgefield Village Drive and Hoadly Road, which carry reported daily traffic of 2,000 and 24,000 vehicles, respectively. A newer three-tenant retail strip anchored by Starbucks is adjacent, and Everbrook Academy is located behind the parcel. A newly constructed AutoZone is next door. Across Hoadly Road, the 105,511-square-foot Shops at County Center is anchored by Harris Teeter and includes Chase Bank, Planet Fitness, Cold Stone Creamery, and IHOP.
The site has access from both Ridgefield Village Drive and Hoadly Road, which carry reported daily traffic of 2,000 and 24,000 vehicles, respectively. A newer three-tenant retail strip anchored by Starbucks is adjacent, and Everbrook Academy is located behind the parcel. A newly constructed AutoZone is next door. Across Hoadly Road, the 105,511-square-foot Shops at County Center is anchored by Harris Teeter and includes Chase Bank, Planet Fitness, Cold Stone Creamery, and IHOP.
Key Highlights
- 2,303‑square‑foot Chipotle restaurant with outdoor patio dining
- 0.63‑acre parcel offered with fee‑simple ownership
- New 15‑year corporate lease begins in Summer 2026
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 33%
Groceries 27%
Beauty & Spa 1%
Harris Teeter
Groceries
31,025 visits/mo
0.2 miles
Dollar Tree
Shops & Services
22,915 visits/mo
0.2 miles
7-Eleven
Shops & Services
14,736 visits/mo
0.3 miles
IHOP
Dining
12,086 visits/mo
0.1 miles
Starbucks
Dining
10,719 visits/mo
0.0 miles
Demographics for 22193, VA
83,064
Population
25,121
Households
3.3
Avg Household Size
35
Median Age
35%
College-Educated
85%
High-School Grad
18.3 sq mi
ZIP Area
4,539
Density / Sq Mi
$119,273
Median Household Income
$50,576
Median Earnings
$1,868
Median Rent
$427,200
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?
Conventional restaurant - A new Chipotle location is planned under a corporate lease with scheduled rent increases.
Where is this conventional restaurant located?
The property is located at 12697 Ridgefield Village Dr Woodbridge, VA.
What is the asking price?
The asking price for this property is $3,323,918.
What are key features of this property?
This property features: 2,303‑square‑foot Chipotle restaurant with outdoor patio dining; 0.63‑acre parcel offered with fee‑simple ownership; New 15‑year corporate lease begins in Summer 2026
