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201 Friendship Way
Culpeper, VA 22701
Lake Ridge · Retail Property For Lease
·
122,000 SF
Highlights
- Highly visible location at the intersection of Route 229 and US Highway 29 with heavy daily traffic counts.
- Up to 150,000 SF of retail space available, including opportunities for anchor and junior anchors.
- Strong nearby residential growth, with more than 7,800 new housing units completed or planned.
- Zoned CS with highway signage potential and flexible pad site configuration.
- Multiple outparcel pads accommodate a range of uses, including gas, convenience, and QSR.
- Average household incomes above $90,000 in the surrounding trade area.
Property Facts
| Total Space Available | 122,000 SF | Frontage | Friendship Way |
| Center Type | Neighborhood Center | Gross Leasable Area | 122,000 SF |
| Stores | 5 | Total Land Area | 54.19 AC |
| Center Properties | 5 | Year Built | 2028 |
| Total Space Available | 122,000 SF |
| Center Type | Neighborhood Center |
| Stores | 5 |
| Center Properties | 5 |
| Frontage | Friendship Way |
| Gross Leasable Area | 122,000 SF |
| Total Land Area | 54.19 AC |
| Year Built | 2028 |
About the Property
Lake Ridge is a planned retail development prominently positioned at the intersection of Route 229 (Madison Road) and US Highway 29 (James Monroe Highway) in Culpeper, Virginia. This high-traffic location offers outstanding accessibility with traffic counts of 14,000 AAWDT along Route 229 and 20,000 AAWDT along US Highway 29, ensuring maximum visibility and customer exposure. The project is zoned CS and provides strong highway signage potential to capture regional travelers and local consumers. The master plan includes opportunities for an anchor tenant, junior anchor, and multiple pad sites including options for gas, convenience retail, and quick service restaurants. Up to 150,000 square feet of retail space can accommodate a blend of national, regional, and local retailers, enhancing shopping convenience for a growing residential community. The surrounding Culpeper market continues to experience steady demographic and economic growth, with median household incomes exceeding $91,000 and projections for more than 32,000 residents within a 5-mile radius. Located within close proximity to major road networks, new housing developments, and existing retail centers, Lake Ridge is uniquely positioned to serve as a vibrant retail destination. Its thoughtful site design includes provisions for a large grocery store concept, hospitality, and future expansion potential, creating a compelling hub for shopping and dining.
