Marcus & Millichap Facilitates $2.185 Million Sale of Newly Built Chipotle Property in Toledo, Ohio

Reuters
05-22
Marcus & Millichap Facilitates $2.185 Million Sale of Newly Built Chipotle Property in Toledo, Ohio

Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully brokered the sale of a newly constructed Chipotle property in Toledo, Ohio. Announced on May 21, 2025, the property was sold for $2,185,000. Located at 3360 Glendale Avenue, the 2,325-square-foot restaurant features a unique "Chipotlane" drive-thru, enhancing convenience in this high-traffic area. The site is strategically positioned near Southland Shopping Center and the University of Toledo Medical Center, with over 185,000 residents within a five-mile radius and 39,000 vehicles passing daily. This transaction was facilitated by investment specialists Scott Woodard and Derrick Dougherty, with Michael Glass serving as the broker of record in Ohio. The buyer is a private net-lease owner from New York.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.

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