After filing for bankruptcy for a second time earlier this week, court documents indicate pharmacy giant Rite Aid could soon begin closing stores before auctioning off its leases and buildings.
Now, nearly all of its 1,240 stores are expected to be listed for sale, pending court approval, by A&G Real Estate Partners. A flyer shared with Nexstar’s WHTM lists 1,187 retail leases and 50 fee-owned properties across 15 states.
A&G Real Estate Partners says they anticipate rolling bid deadlines and auctions over the next few months, starting in May. Court documents outlining the expected auction process were filed Tuesday…