Kevin B. Shapiro

Retail & Restaurant Commercial Real Estate Broker at Location Commercial Real Estate in Clayton MO. Check us out at

[Jonathan Maze @jonathanmaze]

So, 7 Brew won the bidding "war" over Dutch Bros for shuttered Salad and Go sites. But it wasn't quite the auction expected as Dutch opted not to increase its previous, $105 million offer for up to 65 locations.

So 7 Brew is paying $143.2 million for 73 sites. That's less than $2 million per leased location, on average.

But ... 49 of the sites cost $124.78 million, or about $2.5 million per location.

Another 24 sites are going for $18.4 million, or $767k/location.

These are leased locations, so there is a cost to remodel, but franchisees will likely pay for it. Probably a good decision to remain disciplined by Dutch Bros, because no matter how you slice it this is a really costly site acquisition.

You wonder how much this type of battle is playing out all over the place, because we usually don't get this kind of visibility. But the drive-thru beverage battle is not cheap.

Anyway, more here: https://t.co/HibrIcRhyq

[Kevin B. Shapiro @kbshapiro11]

@Beganovic2025 Copy. That makes sense

[Kevin B. Shapiro @kbshapiro11]

@Bethazor1 If it makes you feel better, Charlotte’s Airport was an absolute circus today

[Kevin B. Shapiro @kbshapiro11]

@Beganovic2025 Copy thanks

[Benny Johnson @bennyjohnson]

Canada fans BOOED our National Anthem at last nights hockey game.

Three fights broke out in the first few seconds.

U.S. won the game 3-1.

Canada got DESTROYED on their own ice while Justin Trudeau was in attendance. Incredible.

FAFO 🇺🇸

[Kevin B. Shapiro @kbshapiro11]

@Beganovic2025 Restaurant!!!

[Kevin B. Shapiro @kbshapiro11]

@Beganovic2024 @charliekmox Yeah, that’s a horrible and embarrassing take

[Kevin B. Shapiro @kbshapiro11]

@NEXTSTL Especially considering construction costs are up 40 percent since 2020

[Steve Rattner @SteveRattner]

Trump continues to sound alarm bells about crime…. but violent crime is down under Biden. @Morning_Joe

[Kevin B. Shapiro @kbshapiro11]

@Kirkwood_Gadfly Huge swing and miss by the City

[Kevin B. Shapiro @kbshapiro11]

And several more to announce soon!

[St. Louis Business Journal @stlouisbiz]

The local franchisee said it's "highly likely" to open additional location across the St. Louis metro area. https://t.co/uvaqVqgKE2

[Kevin B. Shapiro @kbshapiro11]

@tommywarboys Cell tower?

[Kevin B. Shapiro @kbshapiro11]

@retailbroker @tommywarboys @STL_PJ @bahn_nick @glafser @ItsRajTut @Teeny_11 Based on their portfolio this would be an enormous jump in development size https://t.co/qmtIlItQug. But you could be right. Hope you’re right.

[Kevin B. Shapiro @kbshapiro11]

@bahn_nick @tommywarboys @STL_PJ @retailbroker @glafser @ItsRajTut @Teeny_11 My guess is new owner has no intent on doing anything with it. Sit and hold until the market corrects and sell for a profit. Eventually a corporate user will want it and they’ll make a good chunk of cash flipping it

[Kevin B. Shapiro @kbshapiro11]

@Beganovic2024 You make a good point. Wonder what the process is for closing ramps like this

[Kevin B. Shapiro @kbshapiro11]

@drock89 @Beganovic2024 It’s on the market now. But there’s a lease (I think with a good amount of term) with the Westin for parking. Pretty expensive ground, plus have to figure out where to relocate the parking lease. Complicated deal