Ollie's Bargain Outlet
Unrated, low-debt closeout retailer that grew quickly by taking over leases from bankrupt chains (Big Lots, 99 Cents Only, Joann). Low rents and short terms mean the landlord takes re-leasing risk, but unit economics are strong.
- US units
- 686
- Q2 2026
- 3Y net growth
- +46.6%
- vs. FY2022
- Credit rating
- NR
- No public rating
- Typical term
- 7-10 yr
- NN
- Model
- Corporate
- Public
Unit count
Ollie's Bargain Outlet in the news
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Ollie's Bargain Outlet net lease FAQ
What is Ollie's Bargain Outlet's credit rating?
Ollie's Bargain Outlet does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many Ollie's Bargain Outlet locations are there in the US?
Ollie's Bargain Outlet reported about 686 US locations as of Q2 2026. That is +46.6% versus 468 in FY2022.
What does a typical Ollie's Bargain Outlet net lease look like?
Lease type: NN. Initial term: 7-10 yr. Rent increases: Flat; small increases at options. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Ollie's Bargain Outlet corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.