Ross Dress for Less NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
6.5%
This Year Cap
6.8%
Cap Change
0.3%
Last Year Rating
BBB+
This Year Rating
BBB+
Rating Change
No change
Ross Dress for Less – NNN Cap Rate Trend
Cap Rate Trends
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Tenant | Year | Cap Rate |
|---|---|---|---|---|---|---|---|
| 5779 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,020 | 6.5 |
| 5780 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,021 | 6.3 |
| 5781 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,022 | 6.0 |
| 5782 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,023 | 6.3 |
| 5783 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,024 | 6.6 |
| 5784 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,025 | 6.6 |
| Tenant | Year | Cap Rate |
Credit (what net-lease buyers care about)
Credit Snapshot
Ross Dress for Less
Ross Dress for Less Net Lease: Secure, Essential Investment
Ross Dress for Less is a nationally recognized off-price retailer and one of the largest discount apparel and home fashion chains in the United States. This guide reviews cap rates, lease terms, tenant profile, and key due diligence considerations for buyers and sellers.
For 1031 exchange buyers, Ross Dress for Less NNN Properties and Ross Dress for Less Ground Lease Properties are often compared with other investment-grade retail assets, as lease structure, remaining term, and real estate fundamentals can materially impact pricing, financing, and long-term resale value.
Investors often target Ross Dress for Less assets for:
- Value-Oriented Retail Concept
- Strong National Brand Recognition
- Consistent Consumer Demand
- Attractive 1031 Exchange Compatibility
Ross Dress for Less Ground Lease Properties require close evaluation of rent escalations, remaining lease term, renewal options, site functionality, and residual land value compared to fee simple ownership.
Ross Dress for Less Ground Lease Properties for 1031 Exchange Buyers
Ross Dress for Less Ground Lease Properties often trade differently than fee simple Ross Dress for Less assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, and reversion rights to understand long-term risk and return.
Ross Dress for Less – Credit Trend (S&P vs Moody’s)
Tenant_Rating_Trend
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2022 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 2 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2023 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 3 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2024 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 4 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2025 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 5 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 99centsonlystoresllc | 99 Cents Only Stores, LLC | 2022 | Caa2 | CCC+ | Substantial Risk | Substantial Risk | 2 | 2 |
| TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
Ross Stores Stock Price (NASDAQ: ROST)
Ross Dress for Less Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
Ross Dress for Less Investor Snapshot (Quick Facts)
Origins & Growth (Past)
• Founded in 1982 as an off-price retailer
• Expanded steadily across U.S. markets
• Focused on branded apparel and home fashions
• Established presence in major retail corridors
• Value-driven merchandising strategy
• Became one of the largest off-price retailers in the U.S.
Where Ross Dress for Less Stands Today
• Nationwide retail footprint
• Leading off-price retailer
• High customer traffic volumes
• Corporate-operated store network
• Expanding e-commerce capabilities
• Focus on value and operational efficiency
• Strong presence in major retail markets
Where Ross Dress for Less Stands Today
• Store Expansion
• Operational Efficiency
• Inventory Optimization
• Customer Engagement
• Value Retailing
• Strategic Growth
• Off-Price Demand
• Market Expansion
Why investors buy Ross Dress for Less NNN Properties or Ross Dress for Less ground Lease Properties?
Pros (what buyers like)
- Established National Retailer
One of the largest off-price retail chains in the United States. - Value-Oriented Business Model
Discount pricing helps attract customers across various economic conditions. - Consistent Customer Traffic
Frequent shopping visits driven by changing inventory and value-focused merchandise. - Prime Retail Locations
Often located in power centers, regional shopping centers, and major retail corridors. - Corporate-Operated Stores
Operates a large company-owned store network with no franchising. - Attractive Lease Structures
Long-term NNN and ground leases appeal to passive investors and 1031 exchange buyers.
Cons (what can bite you)
- Lease Structure Variability
Some assets may include landlord responsibilities depending on lease terms. - Retail Industry Competition
Faces competition from other off-price retailers, e-commerce, and discount chains. - Flat or Limited Rent Growth
Some leases contain minimal rent escalations. - Re-Tenanting Challenges
Large retail spaces can require time and capital to re-lease if vacated. - Consumer Spending Sensitivity
Retail performance can be affected by economic and consumer spending trends. - Market-Specific Risk
Store performance may vary based on local demographics, competition, and trade area strength.
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Ross Dress for Less Net Lease
• 10–15+ years lease term remaining • Absolute NNN or strong lease structure • High-traffic retail corridor location • Strong demographics and consumer base • Established store with consistent customer traffic • Rent aligned with market fundamentals • Positioned within a dominant shopping center or power center • Strong long-term real estate value and liquidity
02
⚠ Yellow Flags (Price Accordingly)
• NN or modified NNN lease with landlord responsibilities • Flat rent with limited or no escalations • Secondary retail location with weaker traffic patterns • Aging store format requiring future capital investment • Weak demographics or declining trade area • Retail center vacancy or co-tenancy concerns • Re-tenanting challenges due to large box size and layout requirements
Find out more
Ross Dress for Less Background & History
Ross Dress for Less is one of the largest off-price retailers in the United States, specializing in discounted apparel, footwear, accessories, and home fashions. Founded in 1982, the company has grown from a regional retailer into a nationwide chain serving value-conscious consumers across a broad range of markets.
Over time, Ross expanded its footprint through a disciplined growth strategy focused on offering recognizable brands at discounted prices. Today, customers visit Ross stores for an ever-changing selection of merchandise, creating a shopping experience that encourages repeat visits and consistent traffic.
As consumer preferences continue to emphasize value and affordability, Ross has maintained its focus on efficient inventory management, opportunistic purchasing, and a low-cost operating model that supports competitive pricing and strong customer demand.
Why Ross Dress for Less Matters to NNN Investors
Ross Dress for Less operates thousands of stores across the United States and has established itself as a leading off-price retail brand. The business model is centered on value-oriented merchandise, frequent inventory turnover, and broad consumer appeal, helping generate recurring customer traffic.
Many Ross locations are positioned within major retail corridors, power centers, and densely populated trade areas. These locations often benefit from strong visibility, convenient access, and complementary neighboring retailers that help drive shopping activity.
In addition, Ross continues to expand its store base while maintaining a disciplined operating strategy focused on cost control and inventory efficiency. The company’s emphasis on value retailing has helped it remain competitive across various economic cycles.
This focus on affordability, traffic generation, and strategic site selection helps explain why Ross Dress for Less remains a popular tenant within the net lease investment market.
What Buyers and Sellers Should Evaluate
For investors evaluating Ross Dress for Less NNN properties, a Ross Dress for Less net lease, or a Ross Dress for Less ground lease, the investment thesis is typically centered on real estate quality, lease structure, and location fundamentals. As a result, buyers often place greater emphasis on site performance, trade area strength, and long-term real estate utility than on brand recognition alone.
Common searches include Ross Dress for Less real estate, Ross Dress for Less cap rate, Ross Dress for Less lease term, Ross Dress for Less tenant profile, and store performance. Ultimately, Ross Dress for Less net lease value is driven by location-specific factors, lease economics, and the property’s position within the surrounding retail market.
As retail trends continue to evolve, the strongest Ross locations tend to be those situated in established trade areas with strong demographics, healthy traffic counts, and complementary retail synergy. Buyers and sellers should evaluate each property individually, including visibility, access, population density, competitive retail supply, co-tenancy dynamics, and lease language that defines landlord responsibilities.
In addition, investors should consider long-term cash-flow durability, retail market conditions, lease rollover risk, and how the asset may perform across different hold periods and exit strategies.
our team of experts are here for you
Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.
Whether you are comparing Ross Dress for Less ground lease properties or fee simple Ross Dress for Less assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.
