While many dollar stores are thriving this year, especially regarding discounted necessities, it's been a different story for some of the big-box retailers.
Big Lots has entered into a sale and leaseback agreement with affiliates of Blue Owl Capital relating to the company's distribution center in Apple Valley, CA, and 26 owned store locations.
Gross proceeds from the transaction are expected to be $318 million and the company expects to receive estimated net proceeds of approximately $310 million.
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