Marcus & Millichap sells Chipotle restaurant in Ohio

Marcus & Millichap recently closed the sale of a 2,314-square-foot net-leased Chipotle restaurant in Defiance, Ohio. The asset sold for $1.389 million.

Brennan Clegg, Chris Lind and Mark Ruble, investment specialists in Marcus & Millichap’s Columbus and Phoenix offices, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.

The buyer, a limited liability company, was secured and represented by Daniel Bernard, Derrick Dougherty and Scott Woodard, investment specialists in Marcus & Millichap’s Philadelphia office.

The Chipotle Ground Lease is located at 1796 N. Clinton St. in Defiance. This is one of the new “Chipotlane” drive-thru prototypes and the first Chipotle in Defiance. The property is situated on a Walmart outparcel in the town’s main retail corridor which serves the nearby Defiance College and surrounding community.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.