12697 Ridgefield Village Dr. - Retail FOR SALE


Woodbridge, VA 22193 | 
$3,323,918 USD
202-536-3754
12697 Ridgefield Village Dr., Woodbridge, VA for Sale
$3,323,918 USD
Retail - FOR SALE
1/2
null | 4.85% Cap Rate

12697 Ridgefield Village Dr.
Woodbridge, VA 22193


HIGHLIGHTS

  • 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)

OVERVIEW

Long Term Corporate Lease – The Tenant, Chipotle, is subject to a new 15-year lease that commences Summer 2026. The corporate lease features 10% rental increases every five years, providing a hedge against inflation. Chipotle will operate in a 2,303 square foot restaurant plus an outdoor patio dining area situated upon 0.63-acres. The offering is fee-simple ownership making it available for depreciation. As a longtime leader and innovator in the food industry, Chipotle is publicly traded on the New York Stock Exchange under the ticker NYSE: CMG. Newly Constructed Buildings in Developing Retail Node– Chipotle becomes the latest addition to the Ridgefield Village development at the intersection of Hoadly Road (24,000 VPD) and Ridgefield Village Drive (2,000 VPD). The subject property is adjacent to a newer 3-tenant strip anchored by a Starbucks that averages 200.7K annual visitors, along with Crimson Coward Chicken and a local dental office. Prior to the strip center’s opening, a national daycare operator, Everbrook Academy, opened in 2021 to the rear of the subject parcel. Chipotle will operate next to a newly constructed, AutoZone, which is also available for sale. This collection of uses at Ridgefield Village is high synergistic to drawing an assortment of customers at various times of the day, with various needs. Chipotle “Doubles Down” Adding Unit Near Top Ranked Store! The property is prominently positioned with access from both Ridgefield Village Drive and Hoadly Road. Directly across Hoadly Road is the 105,511 square-foot Harris Teeter-anchored Shops at County Center. Other notable tenants in the center include Chase Bank, Planet Fitness, Cold Stone Creamery, and IHOP. In addition to neighboring retail synergies, Chipotle has experienced tremendous success in the area. There is another location 1.5 miles east along Prince William Parkway, located at 4269 Merchant Plaza. The store is in the 99th percentile chainwide, averaging 411K customer visits annually according to Placer.ai. The implied store sales volume at Merchant’s Plaza justified this new unit to be constructed, and all but assures the subject site will be an immense success. Wealthy Washington, D.C. Suburb – Chipotle is centrally located in Prince William County, the second most populated county in Virginia with a population of 510,561 residents. There are 168,613 residents with AHHI of $167,299 within 5-miles. Even more locally, there are 78,666 residents with an AHHI of $168,217 within 3-miles. The Washington, DC suburb has experienced consistent growth over the past 25 years. Population has grown by 16% over the past decade with steady population growth predicted in the future. The property directly serves a large residential community in the County Center area of Woodbridge, where the median home sale price is $600,000 highlighting the area’s strong position just 21 miles outside of the Nation’s capital city. Industry Leading Retailer - Chipotle Mexican Grill is one of the largest and most recognized fast casual restaurant chains in the world with over 3,700+ locations throughout the United States, Canada, the United Kingdom, France, and Germany. The chain specializes in made-to-order burritos, burrito bowls, tacos, and salads. Chipotle’s quality ingredients and simple menu have helped the company establish a strong customer following and brand loyalty that has ultimately fueled its growth over its 30-year operating history. Chipotle recorded revenues of $11.9 billion in 2025, an increase of over 4.9% compared to 2024, which marks nine consecutive years of revenue growth for the company. Chipotle is committed to making its food more accessible to everyone, while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technological, and sustainable business practices.

FOR SALE DETAILS

PRICE

$3,323,918 USD

PRICE/SF

$1,443 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Mexican Grill

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

8093-50-7184

ASK ABOUT THIS PROPERTY

Dean ZangMarcus & MillichapMore Info
202-536-3754

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Dean ZangMarcus & MillichapMore Info
202-536-3754

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.