A&G to auction all Bargain Hunt leases

Bargain Hunt filed for Chapter 11 bankruptcy earlier this month.

Bargain Hunt’s retail leases are up for grabs post-bankruptcy.

A&G Real Estate Partners has announced plans to market and sell 92 retail leases and one distribution center formerly occupied by the Nashville-based discount retailer. The bid deadline is Feb, 19, 2025, pending approval by the U.S. Bankruptcy Court for the Middle District of Tennessee.

Essex Technology Group, which operates as Bargain Hunt, filed for Chapter 11 bankruptcy on Feb. 3. It listed assets of $10 million to $ 50 million and liabilities of between $50 million and $100 million in its petition. The company is holding going-out-of-business sales across its locations, with the sales managed by Hilco Consumer – Retail in a joint venture with Gordon Brothers.

Founded in 2004, Bargain Hunt operates stores in Tennessee, Ohio, Indiana, Kentucky, North Carolina, South Carolina, Georgia, Alabama, 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 sq. ft. per location.

"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 2025 as the company winds down operations.

Store closure lease locations include: