Press Releases
Marcus & Millichap Brokers $2.13M Sale of Net-Leased Chipotle Property in Moosic, Pennsylvania
April 03, 2025
MOOSIC, Penn., April 3, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Chipotle property in Moosic, Pennsylvania. The property sold for $2,130,000.
“This deal underscores the continued demand for high-quality, single-tenant net lease properties,” said Colin Reder, associate. “With 13 years remaining on a net lease and a corporate guarantee from Chipotle, this well-positioned asset offers strong financial fundamentals and represents a stable, lucrative addition to our client’s portfolio. We were pleased to guide them through this acquisition.”
Reder and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, procured the buyer, a New Jersey-based private investor. Graystone Capital Advisors represented the buyer, New Jersey-based institutional developers.
Located at 5 Radcliffe Drive, the 2,562-square-foot property features a new Chipotlane drive-thru, which typically boosts sales by 10% to 15%. Built in 2022, the site sits across from the Shops at Montage Mountain mall in a high-traffic retail area and has 13 years remaining on a corporate-guaranteed lease. The restaurant will remain in place, offering long-term stability in Lackawanna County — a growing retail market in northeast Pennsylvania supported by strong health care, education and manufacturing sectors.
“This deal underscores the continued demand for high-quality, single-tenant net lease properties,” said Colin Reder, associate. “With 13 years remaining on a net lease and a corporate guarantee from Chipotle, this well-positioned asset offers strong financial fundamentals and represents a stable, lucrative addition to our client’s portfolio. We were pleased to guide them through this acquisition.”
Reder and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, procured the buyer, a New Jersey-based private investor. Graystone Capital Advisors represented the buyer, New Jersey-based institutional developers.
Located at 5 Radcliffe Drive, the 2,562-square-foot property features a new Chipotlane drive-thru, which typically boosts sales by 10% to 15%. Built in 2022, the site sits across from the Shops at Montage Mountain mall in a high-traffic retail area and has 13 years remaining on a corporate-guaranteed lease. The restaurant will remain in place, offering long-term stability in Lackawanna County — a growing retail market in northeast Pennsylvania supported by strong health care, education and manufacturing sectors.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
