99 Cents Only Stores filed Chapter 11 April 7, 2024 and liquidated all 371 locations by June 2024. Dollar Tree acquired 170 leases; Ollie’s acquired 11 Texas stores. Full story and re-tenanting guide for former property owners. Q1 2026.

Big Lots filed Chapter 11 September 2024. Nexus Capital acquired assets; majority of ~1,400 stores closed. Full guide for NNN investors owning former Big Lots properties, re-tenanting options, and credit warning signs. Q1 2026.

S&P Rating NR (Not Rated) Moody’s Rating NR (Not Rated) IG Status Non-Investment Grade / High Yield Guarantee Status Dollar Tree parent guarantee ELIMINATED July 7, 2025 Current Owner Brigade Capital / Macellum Capital (since July 7, 2025) US Locations ~8,000 Cap Rate Range 7.8% – 8.2% Typical Lease Term 10 years NNN Property Size…

S&P Rating NR Moody’s Rating NR IG Status Private / Not Rated US Locations 1,700 Annual Revenue $3.2B Cap Rate Range 6.25% – 7.0% Typical Lease Term 10 years Property Size 6000-8000 SF Lot Size 1.25-2.0 acres Price Range $1.8M – $3.5M Business Overview Five Below is a specialty value retailer with significant presence across…

Metric Details Parent Company Dollar Tree, Inc. S&P / Moody’s Rating BBB‑ / Baa3 Sector Dollar/Discount US Locations 8,500 Cap Rate Range 7.15%–7.5% Typical Lease Term 10 years Guarantee Type Corporate Stock Ticker DLTR (NASDAQ) Annual Revenue $19.4B (FY2025 (continuing operations, ended Jan 31, 2026)) Typical Price Range $1,800,000–$3,000,000 Dollar Tree Business Overview & NNN…

Metric Details Parent Company Dollar General Corporation S&P / Moody’s Rating BBB / Baa3 Sector Dollar/Discount US Locations 20,893 Cap Rate Range 6.75%–7.05% Typical Lease Term 15 years Guarantee Type Corporate Stock Ticker DG (NYSE) Annual Revenue $40.6B (FY2025 (ended Jan 30, 2026)) Typical Price Range $1,200,000–$2,500,000 Dollar General Business Overview & NNN Investment Grade…

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…