Dollar Tree
Investment-grade (BBB) parent that sold Family Dollar in July 2025 and is now a pure-play Dollar Tree banner converting stores to a multi-price format. Leases are usually shorter-term NN with landlord roof/structure exposure, so renewal probability and building condition matter more than for NNN tenants.
- US units
- 9,436
- Q2 2026 (incl. Canada)
- 3Y net growth
- +15.1%
- vs. FY2022 (approx.)
- Credit rating
- BBB
- Investment grade
- Typical term
- 5-10 yr
- NN (roof & structure landlord)
- Model
- Corporate
- Public
Unit count
Dollar Tree in the news
All news →No tagged headlines in the last three weeks.
Dollar Tree net lease FAQ
What is Dollar Tree's credit rating?
Dollar Tree is rated BBB, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Dollar Tree locations are there in the US?
Dollar Tree reported about 9,436 US locations as of Q2 2026 (incl. Canada). That is +15.1% versus 8,200 in FY2022 (approx.).
What does a typical Dollar Tree net lease look like?
Lease type: NN (roof & structure landlord). Initial term: 5-10 yr. Rent increases: Fixed increases at options. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Dollar Tree corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.