MELVILLE, N.Y. — Bargain Hunt, the discount retailer with stores in Cullman, Decatur and Florence, is keeping its stores open through the end of the month as a national real estate advisory firm will market and sell its retail leases.
A&G Real Estate Partners said today it plans to market and sell 92 retail leases and one distribution center, formerly occupied by Bargain Hunt. The discount retailer, which operates across 10 states including Alabama, filed for voluntary Chapter 11 bankruptcy Feb. 3, as part of a broader effort to facilitate the sale of its assets and business operations. The bid deadline is Feb. 19, pending approval by the U.S. Bankruptcy Court for the Middle District of Tennessee.
“This portfolio offers a compelling opportunity for businesses seeking a foothold across the South,” says Mike Matlat and Doug Greenspan, Senior Managing Directors at A&G. “Given the speed of the bankruptcy, interested parties will need to act quickly. With competitive rents in established locations, these properties provide excellent value for companies looking to grow their real estate footprint.
“We anticipate interest from a range of tenants seeking efficient and well-located spaces and our team is committed to facilitating a smooth sales process for all parties involved.”
Bargain Hunt stores will continue operating through the end of February as the company winds down operations. During this time, shoppers can take advantage of significant discounts and special deals while inventory lasts.
Founded in 2004, Bargain Hunt also operates stores in Tennessee, Ohio, Indiana, Kentucky, North Carolina, South Carolina, Georgia, Mississippi and Arkansas. The available leases cover a range of property types including freestanding stores, power centers, strip malls and urban retail corridors, averaging approximately 31,000 square feet per location.
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