Rita Road Cannabis Cultivation Center Sells for $6.48 Million

Cannabis Cultivation Center

TUCSON, Arizona (Sept. 2, 2026) — Union Financial Management Services LP of Tucson and additional purchasers acquired the Rita Road Cultivation Center at 8000 S. Rita Road in southeast Tucson for $6.48 million. The seller was Jensen Investments LLC of Ankeny, Iowa.

The transaction closed August 25, 2026. The purchase price equates to approximately $163.12 per square foot for the 39,726 square feet of improvements.

Built in 2019, the metal industrial facility occupies a site of 15.74 acres in the Rita Ranch area. Its warehouse and office space were designed and built for indoor medical marijuana cultivation and production.

The facility was developed as part of the Tucson Cannabis Campus. In an October 2019 project update, Tucson contractor Kappcon reported completing an indoor cultivation center of approximately 40,000 square feet in partnership with David Shambach and George Roop.

Source: see RED Comp #12680.




7 Brew Wins Auction for 73 Former Salad and Go Locations in $143 Million Deal

Fast-growing drive-thru coffee chain 7 Brew has emerged as the successful bidder for 73 former Salad and Go locations, offering approximately $143.2 million for the sites after Dutch Bros declined to increase its competing $105 million offer.

PHOENIX, ARIZONA (Sept. 2, 2026) — Dozens of former Salad and Go drive-thru restaurants could soon become 7 Brew coffee stands following a bankruptcy auction that gives the rapidly expanding coffee chain a major new presence across Arizona and three other states.

Arkansas-based 7 Brew was named the successful bidder for 73 Salad and Go locations with an offer of approximately $143.2 million, according to bankruptcy court filings.

The portfolio includes locations in Arizona, Texas, Nevada and Oklahoma, with Arizona accounting for the largest share of the properties.

The transaction is not yet final. A hearing on the proposed sale is scheduled for September 21 before U.S. Bankruptcy Judge Alfredo R. Pérez in the U.S. Bankruptcy Court for the Southern District of Texas.

The auction represents a significant change from the deal contemplated when Salad and Go filed for Chapter 11 bankruptcy protection on August 4.

At that time, Tempe-based Dutch Bros Coffee had agreed to acquire the real estate interests and leases associated with as many as 65 Salad and Go locations for approximately $105 million.

7 Brew subsequently challenged the transaction and submitted competing offers, ultimately prompting an auction between two of the fastest-growing drive-thru beverage companies in the country.

Dutch Bros elected not to submit a higher bid.

“New shop growth is one of the most important drivers of our long-term strategy, and we remain highly confident in our path to 2,029 shops in 2029,” Dutch Bros President and CEO Christine Barone said in a company statement.

Barone said Dutch Bros remained committed to disciplined capital allocation and determined that increasing its original offer did not provide the return the company was seeking.

The decision opened the door for 7 Brew to take control of the portfolio, subject to bankruptcy court approval.

For 7 Brew, the acquisition would provide an unusually large block of existing drive-thru real estate in markets where suitable sites have become increasingly competitive.

The company has grown from approximately 40 locations at the end of 2022 to more than 800 locations nationwide and has become one of the country’s fastest-growing drive-thru beverage concepts.

7 Brew already has a small Arizona presence, with two locations in Tucson and one in Queen Creek, according to the company’s location directory. Acquiring the Salad and Go portfolio would dramatically expand that footprint.

The approximately $143.2 million winning offer equates to nearly $2 million per location on average, although the portfolio includes a combination of real estate interests and leasehold rights and individual site values vary substantially.

Salad and Go abruptly closed its remaining restaurants on August 5, one day after seeking Chapter 11 bankruptcy protection.

The Arizona-founded company, which began in Gilbert in 2013, had expanded to more than 140 locations at its peak before retrenching from several markets.

Its bankruptcy proceedings now include efforts to sell or assign numerous restaurant properties and leases to raise funds and eliminate ongoing obligations.

The 73-location package awarded to 7 Brew represents only part of Salad and Go’s real estate portfolio. Additional locations and leases are expected to be addressed separately through the bankruptcy process, potentially giving Dutch Bros and other operators another opportunity to acquire former Salad and Go sites.

If approved by the court, the 7 Brew transaction would also illustrate the increasing value of small-format drive-thru real estate, particularly sites that already have the access, circulation, entitlement and infrastructure needed for high-volume beverage concepts.

For operators such as 7 Brew and Dutch Bros, acquiring existing drive-thru sites can provide a much faster path to market than developing new locations from the ground up.




Two Tucson Drive-Thru Coffee Properties Trade for Nearly $5.9 Million

TUCSON, AZ (Sept. 1, 2026) — Two single-tenant drive-thru coffee properties sold in Tucson recently for a combined $5.88 million, with investors acquiring locations occupied by Starbucks and Black Rock Coffee Bar.

La Jolla Blvd & Cedros LLC purchased a newly constructed Starbucks at 2121 N. Craycroft Road for $3.4 million in a transaction that closed Aug. 3. The 2,262-square-foot building sits on 0.89 acres within Pima Medical Campus near Tucson Medical Center. The sale equated to approximately $1,503 per square foot. Meridian Development Group LLC was the seller.

The Starbucks was marketed by Eli Castronova, Brian Harpel and Paige Keefer of Velocity Retail Group.

The property is located along Craycroft Road near Tucson Medical Center and Pima Medical Institute.

BRC 22nd Ave Tucson AZ LLC purchased the Black Rock Coffee Bar at 6295 E. 22nd Street for $2.48 million. The 828-square-foot drive-thru, built in 2020, sits on 0.48 acres near the intersection of 22nd Street and Wilmot Road. The transaction equated to approximately $2,995 per square foot. Vaquero Tucson Partners LP was the seller.

The Black Rock property was marketed by Zack House, Mark Ruble and Chris Lind of Marcus & Millichap.

Both properties were offered as absolute triple-net investments with corporate guarantees and sold at high 5% and 6% cap rates.

The two transactions underscore continued investor appetite for small-format, single-tenant drive-thru assets in established Tucson infill locations, particularly properties backed by recognizable coffee operators with long-term leases.

Sources: RED Comp #12662 and #12654.