Ollie's Bargain Outlet Credit Rating & NNN Cap Rate

Metric	Details
Company	Ollie’s Bargain Outlet Holdings, Inc. (Nasdaq: OLLI), Harrisburg, Pennsylvania
S&P / Moody’s	NR / NR
Investment grade status	Not Rated
Stores	686 in 36 states (August 1, 2026)
Median asking cap rate	See the live table below

Ollie's Bargain Outlet is not rated. Ollie's Bargain Outlet carries no public long-term issuer rating from S&P Global Ratings, Moody’s or Fitch. Leases are evaluated on financial statements and lease guarantee rather than an agency grade. Ratings checked September 27, 2026. See the investment grade credit tenant ratings table.

Ollie’s Bargain Outlet Business Overview

Ollie’s sells closeout and overstock merchandise at discount prices. As of August 1, 2026, it operated 686 stores in 36 states. In fiscal 2024 and fiscal 2025 (the year ended January 31, 2026) it added stores by acquiring former locations of bankrupt retailers through bankruptcy auctions, alongside new store openings.

Ollie’s Bargain Outlet Credit Profile

Ollie’s has no public credit rating in our database, so it is not investment grade in the ratings sense. It is a public company that files audited financial statements with the SEC, which buyers can use to assess its credit. Confirm the tenant entity and any guarantee.

Ratings come from our tenant ratings database and update when agencies change them. A rating at or above BBB‑/Baa3 is investment grade; see the investment grade guide.

Source: No public agency rating. Ratings checked September 27, 2026.

Ollie’s Bargain Outlet NNN Cap Rates

Live asking cap rates for Ollie’s Bargain Outlet and comparable tenants:

Tenant	S&P / Moody’s	Median asking cap rate	Middle half of listings	Listings	Median vs. 10-year Treasury
Dollar Tree	BBB / n/a	7.25%	6.75% to 8.00%	108	+201 bps

Active listings InvestmentGrade.com tracks with a published asking cap rate, as of October 8, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are corporate issuer ratings. Where the rated entity is a parent company, confirm whether it signs or guarantees the lease; franchisors usually do not guarantee franchisee leases. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: Ollie's Bargain Outlet, Five Below, Burlington, T.J. Maxx, Big Lots.

Ollie’s often takes second-generation boxes, including former locations of other retailers, so pricing depends heavily on the building and rent level. Compare a property with other discount retailers.

What to Check in an Ollie’s Bargain Outlet Lease

Tenant and guarantor: which entity signs the lease and whether the parent guarantees it.
Term and rent: remaining term, renewal options and the rent schedule; rent increases vary by lease.
Co-tenancy: for shopping center locations, co-tenancy and go-dark provisions.
Re-use: the size of the box and the pool of possible replacement tenants.
Rent versus market: whether rent is at or below market rent.

Pros and Cons

Strengths	Considerations
Growing store base and public financial statements	No public credit rating
Takes over second-generation boxes	Older buildings may need capital work
Has acquired former stores of bankrupt retailers	Large boxes can have fewer replacement tenants

Frequently Asked Questions

Is Ollie’s investment grade?

No. Ollie’s has no public credit rating in our database. It does file audited financial statements with the SEC.

How many Ollie’s stores are there?

686 in 36 states as of August 1, 2026.

What should I check in an Ollie’s lease?

The tenant entity and any guarantee, the remaining term and rent schedule, co-tenancy terms in shopping centers, and the condition and re-use potential of the building.

Sources: Ollie’s Bargain Outlet Holdings, Inc. Form 10‑Q for the quarter ended August 1, 2026, and Form 10‑K for the fiscal year ended January 31, 2026.

Ollie’s Bargain Outlet Net Lease Property: Buying, Selling and Financing

Buying: We find on-market and off-market Ollie’s Bargain Outlet properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.

Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.

Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.

1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.

Request an NNN investment consultation or email team@investmentgrade.com.

Ollie's Bargain Outlet NNN Properties Observed For Sale

1 active Ollie's Bargain Outlet net lease listing observed across public listing sources, most recently Oct 5, 2026. Asking figures as published by the listing party.

Location	Asking Price	Cap Rate	Building SF	Term Left
Bloomsburg, PA	$2,458,333	8.00%	26,000	n/a	View listing

Search all 1 observed Ollie's Bargain Outlet listings and the full NNN inventory

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.

Ollie’s Bargain Outlet Credit Rating & NNN Cap Rate