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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.