Ross Dress for Less
Investment-grade (BBB+) off-price retailer opening ~90-115 stores a year. Mostly shopping-center leases; freestanding Ross deals are less common but carry strong credit.
- US units
- 2,328
- Q2 2026 (incl. 376 dd's DISCOUNTS)
- 3Y net growth
- +15.2%
- vs. FY2022 (approx.)
- Credit rating
- BBB+
- Investment grade
- Typical term
- 10 yr
- NN
- Model
- Corporate
- Public
Unit count
Ross Dress for Less in the news
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Ross Dress for Less net lease FAQ
What is Ross Dress for Less's credit rating?
Ross Dress for Less is rated BBB+, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Ross Dress for Less locations are there in the US?
Ross Dress for Less reported about 2,328 US locations as of Q2 2026 (incl. 376 dd's DISCOUNTS). That is +15.2% versus 2,021 in FY2022 (approx.).
What does a typical Ross Dress for Less net lease look like?
Lease type: NN. Initial term: 10 yr. Rent increases: ~5-10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Ross Dress for Less corporate or franchised?
Operating model: Corporate. Ross Dress for Less is part of Ross Stores. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.