Investment grade analysis and cap rate data for all major NNN net lease tenants. InvestmentGrade.com covers 200+ tenants across QSR, pharmacy, dollar stores, banking, industrial, and all commercial real estate sectors.


21st April 2026 | by the Investment Grade Team
Metric Value Parent Company Alimentation Couche-Tard Inc. Credit Ratings S&P: BBB+ / Moody’s: Baa1 Sector Convenience/Gas US Locations 7,000 Cap Rate Range 5.5% – 6.5% Lease Term 15 years Guarantee Type Corporate (Couche-Tard) Ticker ATD (TSX) Revenue $60.0 billion (FY2025, parent) Price Range $1.5M – $3.5M Circle K Business Overview & NNN Investment Profile Circle…

21st April 2026 | by the Investment Grade Team
S&P Rating BB+ Moody’s Rating Ba1 IG Status Non-Investment Grade / High Yield US Locations 1,300 Annual Revenue $23.0B Cap Rate Range 5.75% – 6.75% Typical Lease Term 15 years Property Size 2500-4000 SF Lot Size 1.0-2.0 acres Price Range $1.2M – $2.8M Business Overview Sunoco is a leading operator in the Convenience/Gas sector with…

21st April 2026 | by the Investment Grade Team
Metric Value Parent Company Sheetz, Inc. Credit Ratings Not Rated (Private Company) Sector Convenience/Gas US Locations 700 Cap Rate Range 5.25% – 6.25% Lease Term 20 years Guarantee Type Corporate Ticker Private Revenue $12.0 billion (Estimated) Price Range $2.5M – $5.5M Sheetz Business Overview & NNN Investment Profile Sheetz, Inc. operates approximately 700 convenience store…

21st April 2026 | by the Investment Grade Team
Company Banfield Pet Hospital Parent Mars, Inc. (privately held) Ticker N/A Exchange N/A Sector Animal Healthcare Services S&P Rating N/A Moody’s Rating N/A Investment Grade Private / Not Rated US Locations 1,000+ Revenue $2.0B+ Cap Rate Range 4.50% – 5.50% Lease Term 10 years Building Sq Ft 3,000 – 10,000 Business Overview Banfield Pet Hospital…

21st April 2026 | by the Investment Grade Team
Ross Dress for Less: Value Retail Leader Ross Dress for Less, operating under Roscoe Apparel Co. and parent company WHP Global, operates as a leading off-price retailer specializing in branded apparel, footwear, and home goods at deep discounts. With nearly 1,700 locations across North America, Ross represents a proven value retail concept with strong customer…

21st April 2026 | by the Investment Grade Team
Company National Vision Parent National Vision Holdings, Inc. Ticker EYE Exchange NASDAQ Sector Healthcare Services S&P Rating BB Moody’s Rating Ba2 Investment Grade Non-Investment Grade / High Yield US Locations 1,200+ Revenue $1.9B Cap Rate Range 5.50% – 6.50% Lease Term 10 years Building Sq Ft 2,000 – 8,000 Business Overview National Vision Holdings operates…

21st April 2026 | by the Investment Grade Team
TJ Maxx: Off-Price Retail Excellence TJ Maxx, part of TJX Companies, operates as a leading off-price retailer specializing in brand-name and designer apparel, footwear, and home goods at discounted prices. With over 1,400 locations across North America and Europe, TJ Maxx represents a resilient retail segment with strong customer loyalty and operational consistency. Ticker TJX…

21st April 2026 | by the Investment Grade Team
Company Quest Diagnostics Parent Quest Diagnostics Incorporated Ticker DGX Exchange NYSE Sector Healthcare Services S&P Rating BB+ Moody’s Rating Ba2 Investment Grade Non-Investment Grade / High Yield US Locations 2,200+ Revenue $2.5B Cap Rate Range 5.00% – 6.00% Lease Term 10 years Building Sq Ft 3,000 – 50,000 Business Overview Quest Diagnostics stands as one…

21st April 2026 | by the Investment Grade Team
Metric Value Parent Company Wawa, Inc. Credit Ratings Not Rated (Private Company) Sector Convenience/Gas US Locations 1,100 Cap Rate Range 4.9% – 5.2% Lease Term 20 years Guarantee Type Corporate Ticker Private Revenue $18.0 billion (Est FY2024) Price Range $3.0M – $7.0M Wawa Business Overview & NNN Investment Profile Wawa, Inc. operates approximately 1,100 convenience…

21st April 2026 | by the Investment Grade Team
Kohl’s: Non-Investment Grade / High Yield Retail Non-Investment Grade / High Yield Profile: Kohl’s carries below-investment-grade ratings. This analysis is provided for comprehensive tenant evaluation. Investors should conduct thorough credit assessment before committing capital. Kohl’s Department Stores operates as a mid-tier retail department store chain with approximately 1,150 locations across the United States. The company…
Investment Grade | Investment Grade Real Estate | Investment Grade Capital | Investment Grade Ratings