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OhioRetail

Marcus & Millichap closes sale of Chipotle in Toledo

May 28, 2025
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Photo courtesy of Marcus & Millichap.

Marcus & Millichap negotiated the sale of a net-leased Chipotle property in Toldeo, Ohio, for $2.185 million. 

Scott 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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