Discount & Off-Price NNN
Off-price, closeout, and discount boxes. Value retail with its own lease and credit questions, separate from dollar stores.
Off-price, closeout, and discount boxes. Value retail with its own lease and credit questions, separate from dollar stores.
Discount and off-price net lease sits next to dollar stores but it is not the same product.
Off-price apparel, closeout home goods, and larger discount boxes occupy more floor area, draw from a wider trade area, and often sit in power centers or freestanding pads on arterial roads. Dollar stores are covered on their own page. The questions here are the tenant's credit, the remaining lease term, rent increases, and whether the landlord or the tenant maintains the building. Sales of treasure-hunt merchandise can be resilient when shoppers trade down, and they can also be fashion-sensitive.
Representative imageBurlington Stores Inks 32K SF at Brooklyn Navy Yard’s Admirals Row CampusBurlington Stores is coming to the Brooklyn Navy Yard. The retailer formerly known as Burlington Coat Factory signed a 31,717-square-foot retail lease at 25 Navy Street, according to city records filed Tuesday evening.
Burlington, Planet Fitness Sign Leases Totaling 45,000 SF at Joffco Square in ChicagoCHICAGO — Burlington and Planet Fitness have singed long-term leases totaling roughly 45,000 square feet at Joffco Squre in Chicago. Nassimi Realty has brought the urban retail center from 50 percent occupancy to fully leased.
Century 21 Redevelopment Adds Burlington, National Grocer to Tenant RosterMCB Real Estate, an institutional commercial real estate investment management firm and developer with nationwide holdings, and Osiris Ventures, an urban retail-focused investment firm, have secured leases with two major retail brands at Century Marketplace, the $130-million…
TJ Maxx Parent Plans To Accelerate Store Openings In 2027TJX Cos. plans a 4% increase in TJ Maxx openings, boosting its global store target.
Burlington Takes 44K SF at Bay Ridge Retail Center DevelopmentOff-price retailer Burlington has inked a 44,070-square-foot retail lease at Century Marketplace, a new retail development coming to 458 86th Street in Bay Ridge, Brooklyn, developer MCB Real Estate announced Tuesday.
Burlington Debuts 2 MSF Distribution Center in Ellabell, GeorgiaELLABELL, GA. — National retailer Burlington Stores Inc. has opened a new 2 million-square-foot distribution center in Ellabell, about 27 miles west of Savannah in Bryan County.
Local Investor Snaps Up Sherman Oaks Burlington StoreMarcus & Millichap closed the sale of 14651 Ventura Blvd., a locally owned and operated Burlington store in Sherman Oaks. The sale price was $11,225,000.Off-price tenants expanded for years by taking space other retailers left. Underwrite the specific lease. In a multi-tenant center, ask what happens to rent if an anchor leaves. In a freestanding box, ask who else could use a large, shallow retail building with a lot of parking. Public companies report earnings and store plans in filings.
Data and analysis on this page are for informational purposes only and do not constitute investment, financial, or tax advice. Statistics may be estimated from publicly available sources and should be verified with primary data providers before use in investment decisions. Tenant information is sourced from public filings and may not reflect current conditions. Past performance does not guarantee future results.