A&G to Offer 27 Sam Ash Store Leases in 12 States Pending Bankruptcy Court Approval

A&G Real Estate Partners plans to market 27 store leases in 12 states on behalf of Sam Ash, the century-old American music retailer, pending court approval.

“Sam Ash became a beloved institution among generations of customers,” Emilio Amendola, co-president of A&G, said. “Along the way, the company took incredible real estate in high-visibility, high-traffic locations all over the country. Especially given today’s high construction costs, interest rates and occupancies, these leases represent an extraordinary opportunity for expanding retailers.”

A&G is offering the store leases in connection with Sam Ash’s financial restructuring. The music retailer, which filed for Chapter 11 bankruptcy protection on May 8, 2024 in the U.S. Bankruptcy Court for the District of New Jersey, is closing all remaining U.S. stores while entertaining offers from potential buyers.

“Sam Ash has one of the best-known and most iconic brands in music retailing, with an impressive online presence,” Amendola said.

The average size of the leases on offer is 25,467 square feet. They range from a pocket store of just 6,000 square feet to a 44,000-square-foot, large-format box. Lease expirations and options vary; some stores boast 12 or 15 years of remaining term, and five-year renewal options are common across the portfolio, noted Todd Eyler, a senior managing director at A&G.

“In terms of store size, these locations are ideal for a broad array of U.S. retailers,” Eyler said. “They’re an especially great fit for today’s fast-expanding fitness and workout-recovery franchises, family entertainment concepts, and traffic-driving, discount ‘treasure hunt’ retailers. We anticipate robust interest in these leases.”

With multiple Sam Ash locations in some cities, the 27 stores are in:

• Arizona (Phoenix)

_x000D_

• California (Ontario, San Diego, Torrance, Westminster)

_x000D_

• Florida (Margate, Miami, Orlando, Sarasota, Tampa)

_x000D_

• Indiana (Indianapolis)

_x000D_

• Nevada (Las Vegas)

_x000D_

• New Jersey (Cherry Hill, Springfield)

_x000D_

• New York (Brooklyn, Carle Place, White Plains)

_x000D_

• North Carolina (Charlotte, Raleigh)

_x000D_

• Ohio (Lyndhurst)

_x000D_

• Tennessee (Madison)

_x000D_

• Texas (Dallas, Houston, San Antonio)

_x000D_

• Virginia (Richmond)

_x000D_

The full store list is available online: https://www.samash.com/store-locator. For bid deadlines and additional details, visit https://www.agrep.com/rite-aid.