Ollie's Bargain Outlet Credit Rating & NNN Cap Rate

Company	Ollie’s Bargain Outlet
Parent	Ollie’s Bargain Outlet Holdings, Inc.
Ticker	OLLI
Sector	Specialty
S&P Rating	Not Rated
Moody’s Rating	Not Rated
US Locations	~550
Revenue	$2.3B
Cap Rate Range	6.25% – 7.5%
Lease Term	10 years
Building SF	25000-35000
Lot Size	2-4 acres
Lease Type	NNN
Guarantee	Corporate

Business Overview

Ollie’s Bargain Outlet operates approximately 550 locations across the United States as a leader in the specialty sector. As a company that meets investment-grade standards, Ollie’s represents a strong candidate for investment grade NNN portfolios. The company is supported by Ollie’s Bargain Outlet Holdings, Inc., ensuring financial stability and operational resources.

The specialty retail industry requires reliable operators with proven track records and sound financial management. Ollie’s extensive footprint and customer loyalty make it an attractive NNN tenant opportunity. NNN leases with Ollie’s typically feature 10-year terms and cap rates between 6.25% and 7.5%.

For NNN investors seeking core-quality exposure, Ollie’s offers stability through diversified locations, established operations, and committed capital deployment. The company continues optimizing its real estate and expanding profitable locations.

Credit Rating & Investment Grade Status

Ollie’s Bargain Outlet is not assigned formal credit ratings by S&P or Moody’s.

Ollie’s meets investment-grade standards according to major rating agencies. For NNN investors, understanding credit ratings is critical: investment-grade tenants (BBB‑ and above, Baa3 and above) carry lower default risk and support more conservative portfolio construction.

For detailed information on how credit ratings impact NNN valuations and lease pricing, consult our credit ratings guide.

Lease Structure & Triple Net Terms

Ollie’s Bargain Outlet NNN properties feature:

Initial Term: 10 years
Base Rent Escalations: Varies
Renewal Options: Multiple options
Triple Net Structure: Tenant covers property taxes, insurance, CAM
Corporate Guarantee: Corporate

The NNN structure aligns landlord and tenant interests by shifting operating expense risk to the tenant. Ollie’s financial strength and corporate guarantee provide investor confidence in rent payment and expense coverage obligations.

Cap Rate & Investment Valuation

Ollie’s Bargain Outlet NNN properties trade in the 6.25% to 7.5% cap rate range. Cap rates reflect tenant creditworthiness, location quality, lease structure, and prevailing interest rates. Investors pursuing investment grade guide typically target companies with stable credit profiles like Ollie’s.

For current market pricing on Ollie’s properties in your target markets, consult with a commercial real estate advisor who specializes in NNN investments.

Real Estate Footprint & Locations

Ollie’s operates ~550 properties nationwide, typically occupying 25000-35000 square foot buildings on 2-4 acres of land. The company’s portfolio balances Tier 1 metropolitan markets with secondary and tertiary locations, providing geographic diversification.

This footprint diversity reduces investor concentration risk and supports resilience during regional economic downturns. Properties are positioned in high-traffic corridors where customer demand remains strong.

Expansion & Growth Strategy

Current growth focus: ~50 new stores/year

Tenant growth creates positive dynamics for NNN investors through potential rent escalations at renewal, facility improvements benefiting property valuations, and demonstrated operational execution. Ollie’s growth trajectory indicates sustainable rent-paying capacity.

Investment Strengths & Risks

Strengths	Risks
Large footprint (550+ locations) Strong brand recognition Corporate guarantee 10-year lease terms Stable unit economics	Sector competitive pressures Economic sensitivity Lease renewal uncertainty Real estate market cyclicality Operating expense inflation

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Frequently Asked Questions

Why is Ollie’s Bargain Outlet’s credit rating important?

Higher credit ratings indicate lower default risk, ensuring more predictable cash flows. Investment-grade ratings support lower cap rates due to reduced risk premium.

How stable is Ollie’s Bargain Outlet’s business?

Ollie’s specialty retail model provides recurring revenue from its 550+ locations. The company’s financial strength, corporate guarantee, and market position support stable operations.

What are typical renewal risks?

Lease renewal risk depends on Ollie’s performance at term end. Strong operators typically renew at market rates or better. The 10-year initial term provides substantial rent stability.

Where can I find Ollie’s Bargain Outlet NNN properties?

Commercial real estate brokers specializing in NNN properties regularly market Ollie’s opportunities. Contact major platforms or regional specialists to access current listings.

Ready to Invest in Ollie’s Bargain Outlet NNN Properties?

Connect with a qualified commercial real estate advisor today to discuss available Ollie’s properties, cap rates, and investment strategy alignment.

The Only Ollie’s Bargain Outlet NNN Advisor Whose Fee Comes From the Deal, Not From You

In NNN buyer representation, the listing broker pays the cooperating commission. That means you get a dedicated Ollie’s Bargain Outlet NNN advisor handling sourcing, underwriting, financing, and closing — and on the majority of transactions, there is no separate fee to you as the buyer.

Here’s what that buys you:

Find It — On-market and off-market Ollie’s Bargain Outlet NNN properties sourced and underwritten on your behalf. We know which markets are pricing correctly, which listings are overpriced for what the lease actually says, and where the spread is worth the move.

Fund It — Acquisition financing through 150+ lender relationships: life companies, CMBS, regional banks, and credit unions that know Ollie’s Bargain Outlet-grade paper. Not the first approval that comes back. The best terms on the table for this specific credit and lease structure.

Exit It — Selling a Ollie’s Bargain Outlet asset or repositioning through a 1031? Our Capital Markets desk runs a quiet, targeted process. Private investors, family offices, and institutional buyers who are actively acquiring Ollie’s Bargain Outlet net lease — not a public blast that signals desperation to the market.

Not committed to Ollie’s Bargain Outlet? Tell us your criteria — cap rate floor, credit tier, lease structure, geography, equity check size — and we’ll find the deal that fits. We represent investors across the full NNN credit spectrum, from QSR and pharmacy to industrial, medical, and big box retail. The tenant is a variable. Your criteria is the constant.

Get Your Free Ollie’s Bargain Outlet NNN Consultation →

In a 1031 exchange with a deadline? Tell us your timeline — we move faster.

Related NNN Tenants

Own a Ollie's Bargain Outlet Property? Capital Markets Strategies Beyond Selling

Maturing debt and considering refinancing? Our capital markets team maintains 150+ lender relationships underwriting NNN properties across investment-grade and non-investment-grade credit tiers. We structure rate-and-term refinancing, cash-out refis, and bridge-to-perm takeouts.

Evaluating a 1031 exchange or disposition? We represent both sides of Ollie's Bargain Outlet NNN transactions — whether you are looking to exit at peak value, exchange into a higher-quality credit tenant, or reposition within the same sector.

Need a current valuation? We maintain live comps on Ollie's Bargain Outlet NNN transactions and can produce a Broker Opinion of Value within 48 hours reflecting today’s cap rate market.

Schedule a 15-minute capital markets consultation →

Ollie’s Bargain Outlet Credit Rating & NNN Cap Rate