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Freestanding Drive-Thru Restaurant Opportunity

172 E Belt Blvd, Richmond, VA 23224

For Lease
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Freestanding 2,508 SF drive-thru restaurant on 0.93 acres.

Space Size2,508 SF
Days on Market585

Property Features for 172 E Belt Blvd

General Information

Standard status Active
Size 2,508 SF
Property subtype RETAIL

Site & Location

Neighborhood Swnw

Spaces For Lease

at 172 E Belt Blvd
172 E Belt Blvd AVAILABLE, Now
Floor 1
Size 2,508 SF
Type RETAIL
Rate Contact for pricing
Lease Type NNN
Sublease Yes
- The property features a freestanding building encompassing 2,508 square feet, complete with a convenient drive-thru, situated on a 0.93-acre lot. Its prime location offers close proximity to Richmond’s Manchester District, an area of the city experiencing an explosion of multi-family development (3,500+ units under construction or delivered since 2022), and Midlothian’s major retail corridors (Midlothian Turnpike and Hull Street Road). Additionally, the site boasts excellent visibility and full-access along E Belt Boulevard, capturing 19,000 vehicles per day, making it an attractive option for any business. Currently built out as a drive-thru restaurant, the property can be reused for a myriad of retail end-users.
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Listing Agency: CBRE | Richmond
Listed By: Pam Strieffler
Source: Moodyscre
Added: Apr 2, 2025 Changed: Nov 7 Last Checked: Nov 6 at 11:20AM

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 CBRE | Richmond

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Investment Insights

Based on property information with market context.

This property features a 2,508-square-foot freestanding building with a drive-thru, situated on a 0.93-acre lot. The location offers close proximity to Richmond’s Manchester District, an area experiencing multi-family development with over 3,500 units under construction or delivered since 2022, and Midlothian’s major retail corridors, including Midlothian Turnpike and Hull Street Road. The site provides excellent visibility and full access along E Belt Boulevard, capturing 19,000 vehicles per day. Currently built out as a drive-thru restaurant, the property can be reused for a variety of retail end-users.

Key Highlights

  • Prime location near Richmond’s Manchester District (experiencing rapid multi‑family development).
  • Freestanding 2,508 sq ft building with drive‑thru.
  • High traffic volume: 19,000 vehicles per day on E Belt Boulevard.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Wendy's Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 23224, VA

39,468
Population
18,201
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
80%
High-School Grad
11.6 sq mi
ZIP Area
3,402
Density / Sq Mi
$49,263
Median Household Income
$36,275
Median Earnings
$1,268
Median Rent
$189,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Richmond, VA

6.9% 2019
7.5% 2020
7% 2021
5.2% 2022
4.2% 2023
4.9% 2024
5.7% 2025

Frequently Asked Questions

What type of property is this?
Drive through restaurant - Freestanding 2,508 SF drive-thru restaurant on 0.93 acres.
Where is this drive through restaurant located?
The property is located at 172 E Belt Blvd Richmond, VA.
What are key features of this property?
This property features: Prime location near Richmond’s Manchester District (experiencing rapid multi‑family development).; Freestanding 2,508 sq ft building with drive‑thru.; High traffic volume: 19,000 vehicles per day on E Belt Boulevard.
(804) 201-2036 Call to check price and availability
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