TJ Maxx / Marshalls / HomeGoods
A-rated off-price leader that raised its long-term store target to ~7,500 worldwide in 2026. Mostly 10-year shopping-center leases with options, where credit quality is excellent but terms are short.
- US units
- 3,700
- Q2 FY2027 (approx.; Marmaxx + HomeGoods)
- 3Y net growth
- +8.3%
- vs. FY2023 (approx.)
- Credit rating
- A
- Investment grade
- Typical term
- 10 yr
- NN
- Model
- Corporate
- Public
Unit count
TJ Maxx / Marshalls / HomeGoods in the news
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TJ Maxx / Marshalls / HomeGoods net lease FAQ
What is TJ Maxx / Marshalls / HomeGoods's credit rating?
TJ Maxx / Marshalls / HomeGoods is rated A, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many TJ Maxx / Marshalls / HomeGoods locations are there in the US?
TJ Maxx / Marshalls / HomeGoods reported about 3,700 US locations as of Q2 FY2027 (approx.; Marmaxx + HomeGoods). That is +8.3% versus 3,417 in FY2023 (approx.).
What does a typical TJ Maxx / Marshalls / HomeGoods 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 TJ Maxx / Marshalls / HomeGoods corporate or franchised?
Operating model: Corporate. TJ Maxx / Marshalls / HomeGoods is part of The TJX Companies. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.