Press Releases
Marcus & Millichap Brokers Sale of Brand-New Chipotle Property in Toldeo, Ohio
May 21, 2025
TOLDEO, Ohio, May 21, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Chipotle property in Toldeo, Ohio for $2,185,000.
“The buyer acquired a well-positioned property in a dense infill market with more than 185,000 residents within a five-mile radius and over 39,000 vehicles passing the site daily,” said Scott Woodard, first vice president investments. “It was a pleasure working with all parties involved. The buyers were professional and proactive, helping ensure a smooth closing. The sellers did an excellent job developing the site on Glendale Avenue, adjacent to Southland Shopping Center and the University of Toledo Medical Center.”
Woodard and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, procured the buyer, a private net-lease owner based in New York. Michael Glass is the firm’s broker of record in Ohio.
The 2,325-square-foot Chipotle is a 2025 construction located at 3360 Glendale Ave. and features a rare “Chipotlane” drive-thru, offering added convenience in a high-traffic corridor.
“The buyer acquired a well-positioned property in a dense infill market with more than 185,000 residents within a five-mile radius and over 39,000 vehicles passing the site daily,” said Scott Woodard, first vice president investments. “It was a pleasure working with all parties involved. The buyers were professional and proactive, helping ensure a smooth closing. The sellers did an excellent job developing the site on Glendale Avenue, adjacent to Southland Shopping Center and the University of Toledo Medical Center.”
Woodard and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, procured the buyer, a private net-lease owner based in New York. Michael Glass is the firm’s broker of record in Ohio.
The 2,325-square-foot Chipotle is a 2025 construction located at 3360 Glendale Ave. and features a rare “Chipotlane” drive-thru, offering added convenience in a high-traffic corridor.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
