SAHUARITA, ARIZONA – Team Adams Sahuarita LLC of Sierra Vista (Kevin Adams Trust) paid $1.065 million ($286 PSF) for a former American Southwest Credit Union with excess land at 18800 S Nogales Hwy in Sahuarita Plaza.

CVP- Sahuarita Plaza DB LLC, an affiliate of Cole Valley Partners of Portland Oregon, then purchased the excess land from Team Adams Sahuarita for $765,000 ($28 PSF) and plans to develop for 900-square-foot Dutch Bro’s Coffee at 18810 S Nogales Hwy. in Sahuarita Plaza.

This will be the first Culver’s and Dutch Bro’s in Sahuarita with plans to open Q2 2019.

Dutch Bro’s will also be added to Old Vail Plaza, where CVP – Rita Ranch purchased a 10,038-square-foot pad for $625,000. ($62 PSF). The property sold shovel ready and Dutch Bro’s will join Native Grill, Taco Bell and Freddy’s Steakburger at the center.

From their 911 cold brew to the Banana Cream Pie Frost, Dutch Bros. Coffee has been serving up tasty beverages to the west coast since 1992.  Unfortunately, Tucsonans have been excluded from enjoying one of their beverages for years. But, with a new store that opened Oct 9^th at 120 South Wilmot, near Broadway Boulevard and Wilmot Road, Dutch Bros. is helping Old Pueblo residents catch up with the rest of the west.

With these two new land acquisitions, the Oregon coffee chain will have four shops in the Metro Tucson area, the others being at Cortaro & I 10 in Marana.

Pete Villaescusa and Jesse Peron with CBRE in Tucson handled the sale at Old Vail Plaza.

For more information, Villaescusa and Peron should be reached at 520 323-5100.

To learn more, see RED Comps #6217, #6227, and #6308.

TUCSON, AZ — OVP Lot 10, LLC of Tucson (Kevin Morrissey, manager) purchased 0.26 acres of land at Old Vail Plaza for $715,000 ($62.36 PSF). Located on the Northeast corner of Houghton Road & Old Vail Road, across from Houghton Town Center, and adjacent to the Rita Ranch Vail Community in Tucson.

The property sold ready-to-build with roads and all infrastructure in place. The buyer plans to develop a multi-tenant retail building of approximately 7,200 square feet on this pad that will join such tenants as Native Grill, Taco Bell and Freddy’s Steakburger at the center.

The building plans also show a drive-thru at the easterly end-cap.

Nancy McClure and Michael Laatsch with CBRE in Tucson represented the seller, a local group of developers, in the transaction and McClure and Jesse Blum with CBRE of Tucson will handle the leasing of the new building.

McClure says there has already been interest shown in a portion of the building by a restaurant tenant and they hope to pre-lease the entire building before completion.

For additional information, McClure can be contacted at 520.323.5117, Laatsch should be reached at 520.323.5191, and Blum can be called at 520.323.5185.

To learn more, see RED Comp #4203.

Native Grill & Wings, at 10255 East Old Vail Road in Tucson sold in an investment sale for $3,147,541 ($631 PSF). An award winning Arizona restaurant chain known for its 20+ wing flavors that guests can order by the individual wing, is opened this location, its fourth location in Tucson on April 18, 2016.

The newly constructed 4,991-square-foot restaurant is located on a 1.2 acre pad in Old Vail Plaza on the hard southwest corner of Old Vail and Houghton Road where a variety of top tier retailers have signed leases.

The new restaurant is owned by franchise connoisseur Brad Williams. He also acquired part-ownership of the Native Grill & Wings franchise in Fall 2015, and just recently opened his first location in Missoula, Montana.

“I am excited to continue bringing a staple brand like Native Grill & Wings to the people of Tucson,” said Williams. “We hope to see the city remain a hub for chicken wing lovers who have remained loyal to the Native name for decades.”

Williams is no rookie to the franchise industry, owning 15 Freddy’s Steakburgers and Frozen Custards locations with development rights for 50 more in Utah, Idaho, Montana, Wyoming, and Arizona. His first Montana Native Grill & Wings location opened February 1, and he plans on opening between four and six more in the future.

Native Grill & Wings (or, “Native,” as the regulars called it) focuses on food and being family-friendly. The polished sports grill proudly offers 20 wing flavors – from Strawberry Hot to Ancho Chile Lime, Asian Garlic to Honey Chipotle, as well as an extensive menu of burgers, sandwiches, salads and more. Most of the sauces and rubs can be used to customize other menu items.

The restaurants are divided into a bar and restaurant, with approximately 30-40 flat screen TVs throughout, offering sports coverage for families and serious fans, and a customer base spanning all generations – baby boomers, Generation Xers and Millennials.

Native is open from 11:00 am to 11:00 pm every day except Friday and Saturday when it is open from 11:00 am to midnight.

“We’ve primarily followed the hub-and-spoke model of expansion, conquering our local market first, and then expanding into additional cities and states throughout the nation,” said CEO Dan Chaon. “We’re incredibly proud of the recognition and iconic status we’ve received in our own backyard over the past three decades and we hope to see the brand continue to grow more and more in Arizona.

The property sold with a 15-year absolute net lease with rental increases every five years and option periods.

John Andreini of Capital Pacific in San Francisco handled the transaction representing the seller, Las Plazas Native LLC of Surprise and the investor G&G Investments of Sherman Oaks, CA (Andrew Glassman, manager).

For more information, Andreini should be reached at 415.274.2715 and Williams can be called at 520.822.8394.

To learn more, see RED Comp #3800.