TJ Maxx NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
6.5%
This Year Cap
6.7%
Cap Change
0.3%
Last Year Rating
A
This Year Rating
A
Rating Change
No change
TJ Maxx – 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
TJ Maxx
TJ Maxx Net Lease: Secure, Essential Investment
TJ Maxx is a nationally recognized off-price retail tenant and a leading brand within The TJX Companies, one of the largest apparel and home fashion retailers in the world. This guide reviews cap rates, lease terms, tenant profile, and key due diligence considerations for buyers and sellers.
For 1031 exchange buyers, TJ Maxx Ground Lease Properties are important to compare against fee simple TJ Maxx assets, as lease structure can materially impact pricing, financing, and long-term resale value.
Investors often target TJ Maxx assets for:
- Stable Income Potential
- Strong National Brand Recognition
- Consistent Consumer Traffic
- Attractive 1031 Exchange Compatibility
TJ Maxx Ground Lease Properties require close comparison of rent escalations, remaining lease term, extension options, and residual land value versus fee simple ownership.
TJ Maxx Ground Lease Properties for 1031 Exchange Buyers
TJ Maxx Ground Lease Properties often trade differently than fee simple TJ Maxx assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, and reversion rights to understand long-term risk and return.
TJ Maxx – 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 |
TJX Companies Stock Price (NYSE: TJX)
TJ Maxx Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
TJ Maxx Investor Snapshot (Quick Facts)
Origins & Growth (Past)
• Founded in 1976 as an off-price apparel retailer
• Expanded nationally through organic growth
• Became a flagship brand of TJX Companies
• Established locations in major retail corridors
• Broadened merchandise beyond apparel
• Grew into a leading U.S. off-price retailer
Where TJ Maxx Stands Today
• Nationwide retail footprint
• Leading off-price retailer
• High customer traffic volumes
• Corporate-operated store network
• Strong value-focused merchandising
• Efficient inventory management
• Continued store expansion and optimization
Where TJ Maxx Stands Today
• Inventory Optimization
• Operational Efficiency
• Customer Engagement
• Store Expansion
• Omnichannel Growth
• Value Retailing
• Off-Price Demand
• Market Expansion
Why investors buy TJ Maxx NNN Properties or TJ Maxx ground Lease Properties?
Pros (what buyers like)
- Strong Parent Company
Operated by The TJX Companies, one of the largest off-price retailers in the world. - Established National Brand
TJ Maxx is one of the most recognized names in off-price retail. - Value-Oriented Retail Model
Discount pricing helps attract customers across various economic cycles. - Consistent Customer Traffic
Frequent shopping visits driven by branded merchandise and changing inventory. - Prime Retail Locations
Typically located in dominant shopping centers, power centers, and major retail corridors. - 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. - Flat or Limited Rent Growth
Certain leases contain minimal rent escalations. - Large Box Re-Tenanting Risk
Larger retail spaces can require time and capital to re-lease if vacated. - Retail Industry Competition
Faces competition from other off-price retailers and e-commerce platforms. - Market-Specific Performance Risk
Store performance may vary based on demographics and local competition. - Shopping Center Dependency
Many locations rely on the continued health and occupancy of the surrounding retail center.
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a TJ Maxx Net Lease
• 10–15+ years lease term remaining • Absolute NNN or clean NNN lease structure • Strong-performing store in an established trade area • High-traffic retail corridor with excellent visibility • Located within a dominant shopping center or power center • Strong demographics and population density • Rent aligned with market fundamentals and replacement cost • Backed by the strength of The TJX Companies
02
⚠ Yellow Flags (Price Accordingly)
• NN or modified NNN lease with landlord responsibilities • Flat rent with limited or no escalations • Oversized retail box that may be difficult to re-tenant • Secondary retail location with weak visibility or access • Aging shopping center or declining trade area • Retail center vacancy or co-tenancy concerns • Weak demographics or slowing population growth • Increased competition from nearby retailers or e-commerce channels
Find out more
TJ Maxx Background & History
TJ Maxx is one of the largest off-price retailers in the United States and serves as a flagship brand of The TJX Companies, a global leader in off-price apparel and home fashions. The company offers a broad assortment of branded apparel, footwear, accessories, home décor, and seasonal merchandise at discounted prices.
Over time, TJ Maxx expanded from a regional discount retailer into a nationwide retail chain with locations across major metropolitan and suburban markets. The brand’s off-price model is built around offering changing assortments of brand-name merchandise at value-oriented prices, helping drive repeat customer visits and consistent traffic.
As consumer demand for value and affordability has increased, TJ Maxx has continued to refine its merchandising strategy, inventory management systems, and supply chain operations to support efficient store performance and long-term growth.
Why TJ Maxx Matters to NNN Investors
TJ Maxx operates a large nationwide store network and benefits from the scale, financial strength, and operational expertise of The TJX Companies. The retailer’s value-focused business model attracts a broad customer base and generates recurring traffic through constantly changing merchandise assortments and discounted pricing.
Many TJ Maxx stores are located within dominant shopping centers, power centers, and established retail corridors. These locations often benefit from strong visibility, convenient access, complementary retailers, and dense population centers that help support customer traffic and long-term real estate value.
The company’s continued focus on inventory optimization, operational efficiency, and disciplined expansion has helped maintain its position as one of the leading off-price retailers in North America. This emphasis on value retailing and customer traffic generation helps explain why TJ Maxx remains a desirable tenant within the net lease investment market.
What Buyers and Sellers Should Evaluate
For investors evaluating TJ Maxx NNN properties, a TJ Maxx net lease, or a TJ Maxx ground lease, the investment thesis is typically centered on real estate quality, lease structure, and location fundamentals. Buyers often place greater emphasis on trade area strength, store performance, lease economics, and long-term property usability than on brand recognition alone.
Common searches include TJ Maxx real estate, TJ Maxx cap rate, TJ Maxx lease term, TJ Maxx tenant profile, and store performance. Ultimately, TJ Maxx net lease value is driven by site-specific factors, lease economics, market demographics, and the property’s position within the surrounding retail landscape.
As retail trends continue to evolve, the strongest TJ Maxx locations tend to be those situated within established trade areas featuring strong population density, favorable household incomes, excellent visibility, and complementary retailers. Buyers and sellers should evaluate each property individually, including traffic counts, access, co-tenancy, surrounding competition, and lease language that defines landlord responsibilities.
In addition, investors should consider long-term cash-flow durability, lease rollover risk, market conditions, 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 TJ Maxx ground lease properties or fee simple TJ Maxx 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.
