231 Saratoga Road, Glenville, NY
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Landlord Responsibilities:
Roof and Structure
Renewal Options:
(4) 5- Year Options
Building Sq. Ft.:
2,338 SF
Rent Increases:
10% year 6; 8% year 11 and options
Site Size:
.67 Acres

Investment Highlights

  • New 15 Year Lease – providing passive management responsibilities with rent increases – Corporately guaranteed by Chipotle (NYSE: CMG)
  • First “Chipotlane” in the Albany, NY MSA
  • Chipotle is located in an affluent trade area with average household incomes of $103,000 within 3 miles
  • Strategically located across the street from Target anchored shopping center, additional retailers include: Hannaford Supermarket, Panera, McDonald’s, CVS, and Pet Supplies Plus

Listing Agents

Graham Gold

Vice President
314 324 8792

Philip DiGennaro

Managing Director
203 610 1541

Connor Shell

Managing Director
407 913 9009

Alex Kutikov | |  518 330 8827 (Owner is a licensed NY real estate broker and has ownership interest)

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