What is TJ Maxx credit rating?

TJ Maxx, through parent company TJX Companies, holds investment-grade credit ratings of Au2011 from S&P and A2 from Moodyu2019s. These strong ratings reflect TJXu2019s consistent operational performance, resilient off-price business model, and financial stability across 1,400+ locations.

What are typical cap rates for TJ Maxx NNN properties?

NNN properties leased to TJ Maxx typically trade at cap rates between 4.75% and 5.75%. This range reflects strong Au2011/A2 tenant credit and off-price retail resilience, with property values typically ranging from $4M to $14M.

Is TJ Maxx a good NNN investment?

TJ Maxx represents a strong NNN investment due to its Au2011/A2 credit ratings through TJX Companies, 1,400+ locations, over $55 billion in annual revenue, and an off-price retail model that thrives across economic cycles. The combination of strong credit and operational resilience supports reliable income streams.

TJ Maxx Credit Rating & NNN Cap Rate Analysis

Q: What are TJ Maxx NNN lease terms?

TJ Maxx NNN lease terms typically range from 15 to 20 years with renewal options. Triple net leases transfer property taxes, insurance, and maintenance costs to the tenant, with TJXu2019s investment-grade backing providing solid lease security and payment reliability.

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 (parent company)
Headquarters	Framingham, Massachusetts (TJX Companies)
Founded	1976
Locations	1,400+
Annual Revenue (Est.)	$55+ billion (TJX segment)
Parent Company	TJX Companies (also owns HomeGoods, Marshalls, TK Maxx)
S&P Rating	A‑
Moody’s Rating	A2
NNN Cap Rate Range	4.75% – 5.75%

Business Overview

TJ Maxx operates within the TJX Companies portfolio as a flagship off-price retailer. The business model focuses on brand-name and designer merchandise purchased at closeout prices and resold at significant discounts. This off-price positioning creates distinct competitive advantages including customer value perception, merchandise excitement through constant inventory refresh, and resilience to full-price retail challenges. TJX’s operational expertise in supply chain optimization and merchandise curation drives consistent performance across diverse markets.

Credit Rating Analysis

TJ Maxx carries investment-grade ratings of A‑ from S&P and A2 from Moody’s through parent company TJX. These ratings reflect TJX’s strong operational performance, consistent cash generation, and financial stability. TJX has demonstrated resilience through retail cycles, maintaining profitability and dividend payments despite industry challenges. The off-price model’s appeal to value-conscious consumers across economic conditions supports credit quality.

NNN Lease Structure

Triple Net leases for TJ Maxx properties transfer property taxes, insurance, and maintenance costs to the tenant. Lease terms typically range from 15–20 years with renewal options. TJX’s investment-grade backing and operational consistency provide solid lease security and payment reliability, making TJ Maxx NNN properties attractive to institutional investors.

Cap Rate & Pricing Analysis

NNN properties leased to TJ Maxx command cap rates in the 4.75% – 5.75% range, reflecting strong tenant credit and off-price retail resilience. The combination of investment-grade credit and operational excellence supports valuations attractive to institutional investors. Property prices typically range from $4M – $14M depending on location tier and market conditions.

Real Estate Footprint

TJ Maxx maintains extensive geographic presence with 1,400+ locations across North America and Europe. The real estate strategy emphasizes diverse markets including metropolitan areas, suburban centers, and secondary markets. Properties typically occupy 25,000 – 40,000 square feet in accessible retail locations. TJX’s real estate expertise ensures optimal site selection and portfolio management.

Growth & Expansion

TJ Maxx pursues disciplined expansion focused on underserved markets and profitable unit economics. TJX continues to grow the overall portfolio while maintaining unit-level profitability standards. Growth emphasis is on comparable store sales improvement, omnichannel integration, and market share capture in off-price retail segment.

Investment Pros

Investment-Grade Tenant: A‑ / A2 ratings provide strong lease security
Off-Price Resilience: Business model thrives during economic cycles and consumer value-seeking
Consistent Performance: TJX’s operational excellence drives reliable cash flows
Scale & Diversification: 1,400+ locations provide portfolio diversification and liquidity
Supply Chain Excellence: Efficient merchandise procurement and inventory management
Brand Strength: Strong brand recognition and customer loyalty drive consistent foot traffic
Omnichannel Integration: Digital and physical store integration enhances competitiveness

Investment Cons

Apparel Sector Risk: Indirect exposure to apparel industry challenges
Real Estate Market Sensitivity: Property values and lease rates sensitive to local conditions
Labor Cost Inflation: Wage pressures impact operating margins
Competition: Growing competition from e-commerce discount retailers
Merchandise Sourcing: Supply chain disruptions could impact inventory quality and availability

Comparable Tenants

Similar off-price and value retail investments include Ross Dress for Less (private, limited lease market), Burlington Coat Factory (below-investment-grade), and Marshalls (TJX sibling). TJ Maxx offers investment-grade quality with proven off-price retail model and TJX operational backing.

Frequently Asked Questions

What is TJ Maxx’s credit rating?

TJ Maxx carries investment-grade ratings of A‑ from S&P and A2 from Moody’s through parent company TJX, reflecting strong operational performance and financial stability.

What cap rates apply to TJ Maxx NNN properties?

TJ Maxx NNN properties typically command cap rates of 4.75% to 5.75%, reflecting investment-grade credit quality and consistent operational performance.

How does the off-price model support TJ Maxx’s resilience?

Off-price retail appeals to value-conscious consumers across economic cycles. The model’s reliance on closeout merchandise and deep discounts creates consistent customer demand regardless of full-price retail trends.

How many TJ Maxx locations exist?

TJ Maxx operates approximately 1,400 locations across North America and Europe, with ongoing expansion in underserved markets.

What differentiates TJ Maxx from department store retailers?

TJ Maxx’s off-price model focuses on brand-name and designer merchandise at substantial discounts, creating customer value and excitement. This model proves more resilient than full-price department store concepts during market challenges.

Call to Action

Invest in TJ Maxx NNN Opportunities: Investment-grade off-price retail properties leased to TJ Maxx offer strong tenant credit and stable cash flows. Contact InvestmentGrade.com to explore available TJ Maxx NNN properties across target markets. Our team specializes in matching institutional investors with best-in-class retail NNN opportunities.

The Only TJ Maxx 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 TJ Maxx 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 TJ Maxx 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 TJ Maxx-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 TJ Maxx 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 TJ Maxx net lease — not a public blast that signals desperation to the market.

Not committed to TJ Maxx? 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 TJ Maxx NNN Consultation →

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

Related NNN Tenants

Own a TJ Maxx 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 TJ Maxx 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 TJ Maxx 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 ?

Own multiple TJ Maxx properties? Considering an off-market sale?

Investment Grade represents owners on confidential disposition of TJ Maxx portfolios and individual properties through off-market direct-to-principal distribution to specialty REITs, private equity funds, and family offices. TJ Maxx buyer demand runs deep, and portfolio sales consistently produce stronger pricing than sequential individual sales because the institutional buyer pool is structured around portfolio acquisition.

For multi-property owners considering a portfolio disposition, see Selling Investment Grade NNN Off-Market: Tenant-by-Tenant Buyer Demand. For the full off-market framework covering individual property dispositions, sale-leasebacks, and 1031 coordination, see Off-Market CRE Sales: The Complete 2026 Guide.

The pre-listing conversation is at no cost and fully confidential. Email team@investmentgrade.com or see contact Investment Grade.