Ross Dress for less

Interested in selling your Ross Dress for Less NNN property or Ross Dress for Less ground lease property and wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Ross Dress for Less NNN property for sale or Ross Dress for Less ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the clarity needed to make informed decisions regarding the sale of your Ross Dress for Less NNN property or the inclusion of a Ross Dress for Less ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Ross Dress for Less properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of the most recent data (2024), Ross Dress for Less operates approximately 1,873 stores across 44 U.S. states, the District of Columbia, Guam, and Puerto Rico. In addition, its parent company Ross Stores, Inc. also operates another chain, dd’s DISCOUNTS, which adds several hundred more stores across the country — bringing the total store count (Ross + dd’s) to over 2,200.

Revenue and income

In fiscal year 2024, Ross Stores, Inc. reported total revenue of about US$ 21.1 billion. This reflects the company’s position as a major off-price retailer in the United States.

Future plans

Ross Dress for Less continues active expansion — in fiscal 2025, the company opened a number of new stores across multiple states, as part of an ongoing multi-year growth plan. The company has publicly stated a long-range ambition to grow to as many as 2,900 Ross Dress for Less stores (and 700 dd’s DISCOUNTS stores) over time.

Corporate vs. franchise

Ross Dress for Less is wholly owned and operated by Ross Stores, Inc.; it is not a franchise model. As part of a publicly traded company (NASDAQ: ROST), Ross operates under centralized management, branding, merchandising, and corporate oversight.

Additional information Ross Dress for less Properties

1. The first Ross Dress for Less stores opened in 1982.

2. Ross Dress for Less is widely known as the largest off-price apparel and home-fashion chain in the United States.

3. The chain offers first-quality, in-season name-brand and designer apparel, accessories, footwear, and home goods for families — typically at 20% to 60% off standard department-store prices.

4. As part of a broader strategy including its sister chain dd’s DISCOUNTS, Ross Stores aims to provide value-conscious consumers a wide selection of clothing, footwear, accessories, and home fashions at discounted pricing.

Ross Dress for less History

Ross Dress for Less began in 1950 as a small department store in San Bruno, California. In 1982, a group of retail investors transformed the concept into an off-price retail chain, launching six Ross Dress for Less stores across the San Francisco Bay Area. This shift positioned Ross as a value-focused retailer offering brand-name apparel and home goods at discounted prices. Over the years, Ross expanded rapidly across the United States, growing into the largest off-price apparel and home fashion retailer in the country. Today, Ross Dress for Less operates thousands of stores nationwide and continues to expand its footprint while maintaining its core commitment to delivering value, brand variety, and everyday savings to its customers.

Why Invest in Ground Lease and NNN Lease of Ross Dress for less?

Investing in Ross Dress for Less ground lease or triple net (NNN) lease properties offers strong advantages for commercial real estate investors:

1) Ross Dress for Less NNN Property Investment: Stable income

Ross Dress for Less is one of the largest and most successful off-price retailers in the U.S., providing consistent and dependable rental income. Ground and NNN leases deliver predictable cash flow backed by a nationally recognized retailer.

2) Ross Dress for Less NNN Property Investment: Established tenant

As a Fortune 500 company with a strong balance sheet and nationwide footprint, Ross is considered a highly secure tenant. Its proven retail model and demand-driven business reduce the risk of vacancy or tenant turnover.

3) Ross Dress for Less NNN Property Investment: Low management responsibility

In ground and NNN lease structures, Ross typically handles most property-related expenses, including maintenance, insurance, and taxes. This creates a passive, hassle-free investment for landlords.

4) Ross Dress for Less NNN Property Investment: Favorable lease terms

Ross stores often operate under long-term leases with built-in rent increases. These escalations support stable income growth and long-term financial predictability for investors.

5) Ross Dress for Less NNN Property Investment: Real estate value

Ross locations are strategically placed in high-visibility shopping centers and strong retail corridors. These prime retail sites enhance long-term value and provide potential for property appreciation.

Pros and Cons of Ross Dress for Less Ground Lease and NNN Lease Investment

Pros:

1. Stable income backed by a strong national off-price retail brand.

2. Established tenant with a proven business model reduces vacancy and default risks.

3. Minimal management responsibility due to NNN and ground lease structures.

4. Long-term leases often include rent escalations, supporting consistent income growth.

Cons:

1. Lease renewal risk at the end of the term, impacting future income certainty.

2. Dependency on Ross Dress for Less’s retail performance and market conditions.

3. Exposure to competition within the off-price retail sector and changing consumer trends.

4. Limited control over property operations and decisions under NNN and ground lease terms.

5. Real estate market fluctuations and economic cycles can affect long-term property value.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.

MarketWatch: Ross Dress for Less