Dutch Bros to Acquire Seven Former Salad and Go Locations, Expanding Tucson Footprint to 23 Shops

Dutch Bros

TUCSON, AZ (Aug, 7, 2026) — Dutch Bros Coffee has agreed to acquire the leases and related assets of seven former Salad and Go restaurants in Tucson as part of a proposed $105 million bankruptcy transaction involving dozens of drive-thru properties across Arizona and three other states.

The seven Tucson locations would give Dutch Bros an immediate pipeline of existing drive-thru sites in one of its established Arizona markets. Dutch Bros currently operates 16 shops in Tucson. If all seven acquired locations are retained and converted, the company’s local footprint would increase to as many as 23 shops, representing an expansion of nearly 44 percent.

The proposed acquisition is part of Chapter 11 bankruptcy proceedings of Salad and Go parent And Go Concepts LLC. Salad and Go closed its remaining restaurants on August 5, one day after filing for bankruptcy protection.

Under the proposed asset purchase agreement, Dutch Bros parent Boersma Bros. LLC would pay $105 million for a portfolio of Salad and Go leases and associated operating assets. The portfolio includes locations in Arizona, Nevada, Texas and Oklahoma. Bankruptcy filings identify at least 51 locations included in the proposed sale, while broader transaction materials reportedly allow Dutch Bros to acquire as many as 65 leases, subject to property review and closing conditions.

The transaction does not include the Salad and Go brand, recipes or other intellectual property. Dutch Bros would instead acquire leasehold interests, furniture, fixtures, equipment, vehicles, leasehold improvements and certain other assets associated with the selected restaurants.

For Dutch Bros, the former Salad and Go properties provide a portfolio of compact drive-thru buildings that may be well suited for conversion to the coffee company’s operating model. Salad and Go locations were generally designed as approximately 1,000-square-foot drive-thru restaurants without indoor dining rooms, allowing the sites to operate on relatively small parcels.

That format is closely aligned with Dutch Bros’ real estate strategy, which is centered on high-volume beverage service through compact, freestanding drive-thru shops. Acquiring existing restaurant sites could allow the company to enter additional trade areas more quickly than developing every location from the ground up, although individual properties will require permitting, remodeling, signage and other conversion work.

The seven Tucson properties are particularly significant because developed drive-thru sites have become increasingly difficult to secure. Suitable parcels must provide strong visibility, convenient ingress and egress, vehicle stacking capacity and proximity to residential neighborhoods, employment centers or heavily traveled retail corridors.

The acquisition would also remove seven recently vacated restaurant properties from the Tucson market before they could remain dark for an extended period. Reoccupying the sites with a national operator would preserve their commercial use and could reduce the disruption experienced by landlords and neighboring shopping center tenants following Salad and Go’s closure.

The $105 million purchase price represents an average of approximately $2.06 million for each of the 51 locations specifically identified in initial bankruptcy reporting. If the transaction ultimately includes all 65 potential properties, the average would be approximately $1.62 million per location. Those figures should not be interpreted as individual real estate values because the transaction includes leasehold interests, equipment and other operating assets rather than fee simple ownership of every property.

Dutch Bros may also decline individual leases because of landlord objections, assignment restrictions, property conditions or other due diligence findings. The final number of acquired and converted locations could therefore be lower than the maximum contemplated by the agreement.

The proposed sale remains subject to approval by the U.S. Bankruptcy Court and other closing requirements. Dutch Bros is expected to begin converting selected properties following completion of the transaction, with openings anticipated to begin in 2027.

The acquisition comes as Dutch Bros continues an aggressive national growth strategy. The publicly traded drive-thru beverage company describes itself as a high-growth operator and franchisor focused on handcrafted beverages served through convenience-oriented shops.

For Tucson’s retail real estate market, the transaction represents more than the expansion of a coffee chain. It is a large-scale repositioning of specialized drive-thru properties that became available simultaneously following the collapse of another restaurant operator.

If all seven Tucson locations reopen under the Dutch Bros banner, the company would gain a significantly larger local presence without relying exclusively on new construction, while returning shuttered restaurant sites to active use.

 




Former Copenhagen Imports Property Sells for $6.96 Million to Arizona Steel and Ornamental Supply

Copenhagen Imports

TUCSON, ARIZONA (Aug. 6, 2026) — Covenant Properties LLC purchased the former Copenhagen Imports Service and Clearance Center at 3648 and 3764 E. Ajo Way for $6,957,935.

The 61,427-square-foot warehouse, showroom and office property sits on approximately 4.56 acres in Tucson’s south industrial submarket. The sale equates to approximately $113.27 per square foot. The transaction closed July 9, 2026.

HHC Tucson Real Estate LLC, an entity associated with Copenhagen Imports, sold the property.  Jackson Kraft and John Ash with CBRE represented the seller. Raymundo Olvera of Open Realty represented the buyer.

The concrete tilt-up building was constructed in 2005 and includes a mezzanine, showroom, and warehouse space. The property was vacant at the time of sale.

Covenant Properties acquired the property as an owner-user for Arizona Steel and Ornamental Supply, which plans to occupy the facility. Victor M. Olvera is identified as manager of the purchasing entity.

The site is zoned CI-1 for light industrial and warehousing uses and is located near the Palo Verde and Butterfield business districts, with convenient access to Interstate 10 and Tucson International Airport.

Source: RED Comp #12601




Nation’s Leading Cottage-Style BTR Developer Opens Third Avilla homes Neighborhood in Greater Tampa

AvillaNexMetro Communities Deepens Commitment to Tampa Market as Supply Cycle Turns

LAND O’ LAKES, Fla. (August 6, 2026) — NexMetro Communities, the nation’s leading developer of cottage-style, build-to-rent (BTR) home neighborhoods, is opening its third Avilla Homes community this week in the greater Tampa market.

Avilla Silver Palm, a new 180-home luxury leased community in Land O’ Lakes, Florida, reinforces NexMetro’s strategic long-term commitment to Central Florida as the regional supply cycle begins to moderate.

Located at 11334 Zion Narrows Trail in Pasco County, Avilla Silver Palm sits on 26 acres and features the company’s signature collection of mostly detached, single-level homes with private fenced backyards and front porches. optional garages, and resort-style community amenities. First resident move-ins are scheduled for later this month.

“Opening Avilla Silver Palm is a meaningful milestone for our Florida platform,” said Jack Riddle, vice president of development for NexMetro’s Tampa Division. “The conventional apartment supply wave that pressured Pasco County in recent years is cresting, and the demand for a private, professionally managed, single-family rental experience remains as strong as ever.”

A Growing Greater Tampa Platform

Avilla Silver Palm joins two existing NexMetro communities in the broader Tampa Bay region: Avilla Suncoast in Odessa and Avilla Cypress Creek in Sun City Center. The three communities together reflect a geographic strategy spanning key growth corridors on both sides of Tampa, from Pasco County’s high-growth SR-52 corridor in the north to Hillsborough County’s southern suburbs.

NexMetro’s presence in the Tampa market continues to expand with an additional Avilla Homes community in development in Apollo Beach, with sitework expected to begin in late 2026.

“Greater Tampa has proven itself as one of the most durable BTR markets in the Sun Belt,” Riddle said, adding that the community’s differentiated offering appeals to diverse consumers from professional millennials, mid-life renters in transition, and baby boomers. “Our platform here is still growing, and the opening of Avilla Silver Palm underscores our belief in the long-range fundamentals of this region.”

About Avilla Silver Palm

Avilla Silver Palm offers a curated collection of one-, two-, and three-bedroom floor plans designed for residents who want the experience of homeownership without the burden of a mortgage. Homes feature:

  • Private fenced backyards and front porches
  • Lanais available on selected home sites
  • High 10-foot ceilings and hard-surface, wood plank-style flooring throughout
  • Optional garages
  • Upscale interior finishes with full-sized washers and dryers included

Community amenities include a resort-style pool, outdoor lounge and barbecue areas, dog park, walking paths, electric vehicle charging stations, and on-site professional management. The community’s location near the Silver Palm Boulevard corridor offers convenient access to the Suncoast Parkway and SR-52, connecting residents to employment centers throughout the Tampa Bay region as well as the emerging Moffitt Speros medical research campus, which is projected to generate more than 11,000 jobs by 2033.

For leasing details, visit AvillaSilverPalm.com.