Net Lease Ross Stores Property Profile and Cap Rates

Net Lease Ross Stores – Typical Property and Lease Terms

 

Price Range:	$3M - $8M
Cap Rate:	6.00 % - 6.50%
Net Income:	$180,000 - $500,000
Price Per foot:	$120 PSF - $385 PSF
Building Size:	25,000 SF
Lot Size:	4 Acres
Escalations:	10% Every 5-Years
Lease Term:	10 Years
Lease Type:	NN
Credit Rating:	A- (S&P)

 

Tenant Company Information:

 

Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of discount department stores headquartered in Dublin, California.[2] It is the largest off-price retailer in the U.S.; as of 2018, Ross operates 1,483 stores in 37 U.S. states, the District of Columbia and Guam,[3] covering much of the country, but with no presence in New England, New York, northern New Jersey, Alaska, Puerto Rico and areas of the Midwest.[4]

According to an SEC filing, “Ross’ target customers are primarily from middle income households.”

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