Chipotle Restaurant Investment
231 Saratoga Rd, Glenville, NY 12302
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NNN leased Chipotle in Glenville, NY with long-term income.
Type:Retail
Property size:
2,338 SFPrice / SF:
$855/SF- Added:
- Feb 6, 2026
- Days on Market:
- 96
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 231 Saratoga Rd
General Information
- Standard status
- Active
- Size
- 2,338 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2021
Listing agent William Donlon License #10401381626
Listing office SRS Real Estate Partners New York (646) 216-8923
Listing date Feb 6, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners New York
HighLights
- Long‑term, secure income stream with over 10.5 years remaining on the primary lease term.
- Corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG).
- NNN lease structure provides a passive, low‑management investment opportunity.
- Scheduled 8% rental increases provide consistent NOI growth.
- Excellent location on a high‑traffic commercial thoroughfare (Saratoga Road / State Highway 10 - 16,000 VPD) with strong visibility.
- Located within a dense retail corridor, adjacent to Target, WellNow Urgent Care, and Bank of America.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Chipotle
Restaurant
Chipotle Mexican Grill
Restaurant
Location Insight
- Map
- Local Demand
- City
- Glenville
- County
- Schenectady
- State
- New York
- Longitude
- -73.9332467
- Latitude
- 42.8667061
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - NNN leased Chipotle in Glenville, NY with long-term income.
Where is this drive through restaurant located?
The property is located at 231 Saratoga Rd Glenville, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Long‑term, secure income stream with over 10.5 years remaining on the primary lease term.; Corporate guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG).; NNN lease structure provides a passive, low‑management investment opportunity.
