231 Saratoga Rd Glenville, NY 12302

This property offers the opportunity to acquire a fee simple interest in a Chipotle Mexican Grill located in Glenville, New York. The lease has over 10.5 years of remaining primary term, with four additional 5-year renewal options. The lease includes 8% rental increases at the start of lease year 11 and at the beginning of each option period. The lease is backed by a corporate guaranty from Chipotle Mexican Grill, Inc. Structured as a NNN lease with minimal landlord responsibilities, the asset offers a passive, low-management opportunity. The property is located along Saratoga Road / State Highway 10 (16,000 VPD) and benefits from visibility and multiple access points. It is situated within a dense retail corridor and directly adjacent to Target, WellNow Urgent Care, and Bank of America, and steps from Mayfair Shopping Center, a Hannaford-anchored center featuring national brands such as Great Clips, Five Guys, and Starbucks. The 5-mile trade area is home to more than 98,800 residents and 50,200 employees, with an average household income of $103,206. The property size is 2338 square feet.