Big Lots Leases Up For Sale

Gordon Brothers has put the for sale sign up on Big Lots leases in 47 states. 

The stores now available are located in shopping centers and range in size from 19,000 square feet to 55,000 square feet. All offers for individual or multiple location purchases are due no later than January 24.

“This is a fantastic opportunity for expansion-minded retailers to grow their footprint by acquiring well-located stores with long-term, below-market rents,” said Michael Burden, co-head of North America Real Estate Services at Gordon Brothers. “These spaces offer a seamless path to enhance their presence and serve new communities, making it an ideal time to capitalize on prime retail real estate.”

Additional details on the available leases are available on the Gordon Brothers website.

Since filing for Chapter 11 bankruptcy protection in September, the Big Lots saga has seen the retailer ink a deal with Gordon Brothers, signed a purchase agreement with Nexus Capital Management that eventually fell through, and sold upwards of 400 stores and two distribution centers to Variety Wholesalers.