Big Lots is making waves in the retail world, and not in a good way. The well-known discount retailer, headquartered in Columbus, Ohio, is going through a significant shake-up as it navigates bankruptcy restructuring. As part of its plan, the company is putting 255 of its stores nationwide up for auction—and yes, that includes a handful of stores right here in South Florida.
A Look at the South Florida Locations
So, what’s happening with the local stores? Three big box stores in South Florida are on the list and slated for auction. Let’s break down the details:
- Perrine Store (South Miami-Dade): This is the largest among the three, a 39,485-square-foot store located at 18325 S. Dixie Highway. It’s currently scheduled for auction sometime in November. With a base rent of $11.04 per square foot and a lease extending until August 31, 2043, this store also comes with four five-year renewal options and an additional 30-year option. That’s a hefty commitment for any prospective tenant!
- Miami’s Silver Bluff Neighborhood Store: At 2100 S.W. 27th Ave., near Coral Gables and Coconut Grove, this 19,089-square-foot location is also on the chopping block. The base rent here is higher at $23.08 per square foot, and the lease runs through October 31, 2043. Like the Perrine store, this site offers flexibility with four five-year renewal options plus a 30-year extension. The bid deadline? Expect it around December.
- Delray Beach Store: Last but not least, there’s the 28,604-square-foot location at 4801 Linton Blvd., Suite 15A. This store has a base rent of $12.25 per square foot, with its lease ending relatively sooner—January 31, 2026. Similar to the others, there are four five-year options for renewal. Bids for this site are also anticipated in December.