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>Do they own the real estate they're sitting on or something?

A quick search gives some mixed results. They own their San Jose property¹ through an affiliate company. This affiliate doesn't appear to own any other Fry's property though². Conversely, the Palo Alto location was closed when the lease ran out³.

¹https://www.mercurynews.com/2020/01/10/industrial-mega-devel...

²https://www.corporationwiki.com/California/Menlo-Park/caraco...

³https://www.mercurynews.com/2019/08/29/frys-to-close-its-pal...



> They own their San Jose property¹ through an affiliate company.

Ah! That probably explains it.

Any residual money can be drained into the affiliate companies before filing bankruptcy so that there is nothing left in "Fry's".




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