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Corporate Tenant Ratings

Buy a Property with a Corporate Tenant

Conservative Real Estate Investors continue to be attracted to the long term stability being offered by having corporate tenants in their investment properties.  Corporate tenant income properties have always been a favorite of institutions but now we are seeing more and more regular  investors moving out of residential and multi family properties and into single tenant commercial properties with corporate tenants.

With leases ranging from 5 years to 20 years on investment grade tenants offer investors the long term security they desire.  One of the big benefits of these long term is that the Tenant and not the property owners are responsible for things like property reapirs and property taxes.  With a true triple net corporate lease your income property behaves more like an annuity. The best part is that is requires almost no management on the real estate investors end.

ATTENTION INVESTORS: Need help analyzing, funding and acquiring an income property with a corporate tenant?

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We specialize in income properties with corporate tenants nationwide. If you are looking for a particular corporate tenant or a particular CAP Rate, Review our Corporate Tenant Income Property options.

Corporate Tenant Ratings Report

If you are considering investing in real estate with corporate tenants you must first understand both their credit ratings by S&P & Moody’s and their outlook. The corporations credit rating will be a direct driver in the Cap Rate  or Cash on Cash Return you will properties will be trading at. Corporate Tenants with A Ratings are typically trading at Cash on Cash Returns in the 5% – 7% Range and B Rated Corporate Tenants typically trade in the 7% – 10 % Range.

Drug Store Corporate Tenant Ratings

Company | S&P Rating | Moody’s Rating | Outlook

CVS Caremark Corporation | BBB+ | Baa2 | Stable

Longs Drug Stores Corp. | N/A | N/A

Rite Aid | B‐ | Caa2 | Stable

Walgreen Co. | A | A2 | Stable

Discount Retailer Corporate Tenant Ratings

Company | S&P Rating | Moody’s Rating | Outlook

99 Cents Only Stores, Inc. | N/A | N/A

Big Lots | BBB | N/A

Costco Wholesale Corp. | A+ | A2 | Stable

Dollar General | BB | Ba3 | Positive

Dollar Tree Stores, Inc. | N/A | N/A

Family Dollar Stores, Inc. | N/A | Baa3 | Stable

Ross Stores Inc. | BBB | N/A

TJ Maxx Companies, Inc. | A | N/A

Grocery Store Corporate Tenant Ratings

Company | S&P Rating | Moody’s Rating | Outlook

Delhaize Group | N/A | Baa3 | Stable

Ingles | BB‐ | Ba3 | Possible Downgrade

Kroger Company | BBB | Baa2 | Stable

Safeway, Inc. | BBB | Baa2 | Stable

Smart & Final | N/A | B3 | Stable

SuperValu, Inc. | B+ | B1 Stable

Tesco, PLC | A‐ A3 | Negative

Wal‐Mart Stores, Inc. | AA | Aa2 | Stable

Weis Markets, Inc. | N/A | N/A

Whole Foods Market, Inc. | BB | Ba2 | Positive

Winn Dixie | N/A | Ratings Withdrawn

Financial Institutions & Banks Corporate Tenant Ratings 

Company | S&P Rating | Moody’s Rating | Outlook

Bank of America | A | A2 | Negative

Bank of New York Mellon | AA | Aaa | Stable

BB & T | A | A2 | Stable

Capital One | BBB | A3 | Stable

Citigroup | A | A3 | Negative

Comerica | A | A1 | Negative

Compass Bank | A | A3 | Negative

HSBC Bank USA | AA | Aa3 | Negative

JP Morgan/Chase | A+ | Aa3 | Negative

National City Bank | A+ | A2 | Positive

Northern Trust Corporation | AA‐ | A1 | Stable

Suntrust Bank | BBB | Baa1 | Stable

Union Bank | N/A | A2 | Negative

US Bank | A+ | A1 | Negative

Wachovia | N/A | Aa2 | Negative

Wells Fargo Bank | AA | Aa2 | Stable

Zion’s Bancorp | BBB‐ | B2 | Positive

Retailer Corporate Tenant Ratings 

Company | S&P Rating | Moody’s Rating | Outlook

Advance Auto Parts | BBB‐ | Baa3 | Stable

AT&T | N/A | A2 | Stable

AutoZone, Inc. | BBB | Baa2 | Stable

Bally’s Total Fitness | N/A | N/A

Barnes & Noble, Inc. | N/A | Ratings Withdrawn

Bed Bath & Beyond, Inc. | BBB | N/A

Best Buy Company, Inc. | BBB‐ | Baa2 | Possible Downgrade

Big 5 Sporting Goods | N/A | Ratings Withdrawn

Borders Group, Inc. | N/A | N/A

Caterpillar | A  | A2 | Stable

Cinemark | B+ |  B1 |Stable

Cost Plus | N/A | N/A

CSK Automotive Corp | N/A | N/A

Dell Inc. | A‐ | A2 | Stable

Dick’s Sporting Goods | N/A | N/A

Disney Stores | A | N/A

Estee Lauder | A | A2 | Stable

Federal Express | BBB | Baa2 | Stable

H&R Block | BBB | N/A

Harley Davidson Inc | N/A | Ratings Withdrawn

Home Depot, Inc. | BBB+ |Baa1 | Stable

Krispy Kreme | B‐ | B3

L.A. Fitness | N/A | N/A

La‐Z‐Boy, Inc. | N/A | N/A

Lowe’s Companies, Inc. | A | A1 | Stable

Nike | A+ | A1 | Stable

Office Depot, Inc. | B | B2 | Negative

OfficeMax | B | N/A

Pep Boys | B | B1 | Stable

PetSmart Inc. | BB | Ratings Withdrawn

RadioShack | BB | Ba1 | Stable

Regal Entertainment Group | B+ | B3 | Stable

Rent‐A Center Inc. | BB | Ba2 | Stable

Seven‐ 11 Japan Co LTD | AA‐ | N/A

Sherwin‐Williams Company | A | A3 | Stable

Sprint‐ Nextel Corp | BB‐ | Ba2 | Possible Downgrade

Staples | BBB | Baa2 | Stable

Staples, Inc. | BBB | Baa2 | Stable

Tiffany & Co | N/A | Ratings Withdrawn

Verizon | A‐ | A3 | Stable


Restaurants (Corporate Backed) Tenant Ratings 

Company | S&P Rating | Moody’s Rating | Outlook

Brinker International | BBB‐ | Ba1 | Stable

Burger King Corporation | N/A | B2 | Stable

California Pizza Kitchen | N/A | N/A

Chipotle | N/A | N/A

CKE Restaurants | B | B2 | Negative

Dairy Queen | N/A | N/A

Darden Restaurants, Inc. | BBB | Baa2 | Stable

Denny’s Corp | B+ | B2 | Stable

DineEquity, Inc | B | B2 | Stable

Domino’s Pizza | N/A | Ratings Withdrawn

Einstein Noah Restrnt Group | N/A | Ratings Withdrawn

El Pollo Loco | CCC | Caa2 | Negative

Jack In The Box, Inc. | N/A | Ba3 | Negative

Landry’s Restaurants | B | B3 | Negative

McDonald’s Corporation | A | A2 | Stable

P. F. Chang’s China Bistro | N/A | N/A

Panera Bread Company | N/A | N/A

Papa John’s International Inc | N/A | N/A

Perkins & Marie Calendar’s | N/A | Caa3 | Negative

Red Robin Gourmet Burgers | N/A | N/A

Rubio’s Restaurants | N/A | N/A

Starbucks Corporation | BBB+ | Baa3 | Positive

Texas Roadhouse, Inc | N/A | N/A

The Cheesecake Factory | N/A | N/A

Wendy’s/Arby’s Group | B+ | B2 | Developing

Yum! Brand’s | BBB‐ | Baa3 | Stable

Department Stores & Apparel Retailers Corporate Tenant Ratings 

Company | S&P Rating | Moody’s Rating | Outlook

American Apparel | N/A | N/A

Bebe | N/A | N/A

Charming Shops Inc | B|  Ratings Withdrawn

Collective Brands Inc | B+ | B1 | Stable

Dillard’s Inc | BB | B2 | Positive

Eddie Bauer Corp. | N/A | Ratings Withdrawn

Gap, Inc. | BB+ | Ratings Withdrawn

Guess | N/A | Ratings Withdrawn

J. Crew | B | B2 | Stable

JC Penney | BB+ | Ba1 | Stable

Jo‐Ann Stores, Inc. | B | B2 | Stable

Jos.A.Bank | N/A | N/A

Kenneth Cole | N/A | N/A

Kohl’s Corporation | BBB+ | Baa1 | Stable

Macy’s, Inc. | BB+ | Ba1 | Stable

Men’s Wearhouse, Inc. | N/A | N/A

New York & Co | N/A | N/A

Nordstrom Inc. | A‐ | Baa1 | Stable

Polo Ralph Lauren | A‐ | A3 | Stable

Retail Ventures Inc | N/A | N/A

Saks Inc. | BB‐ | B1 | Positive

Sears Holdings | BB‐ | Ba2 | Positive

Shoe Carnival | N/A | N/A

Shoe Pavilion | N/A | N/A

Talbot’s, Inc. | N/A | N/A

Target Corporation | A+ | A2 | Stable

The Bon Ton | B | N/A

Urban Outfitters | N/A | N/A

Disclaimer: Corporate Tenant Ratings are continually being assessed by both Moody’s & Standard & Poors. The Buyers Utopia netwrok does our best to maintain updates to credit rankings however investors are encouraged to verify rankings directly with Moddy’s & Standard & Poor’s for most up to date credit tenant ratings. 

ATTENTION INVESTORS: Need help analyzing, funding and acquiring an income property with a corporate tenant?

Yes, I would like to learn about investing in properties with long term corporate tenants !

Talk to the BuyersUtopia Team 312.433.9300 x 20

We'd love to hear from you

Please wait...
We specialize in income properties with corporate tenants nationwide.

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