Number of locations
As of January 2023, Big Lots has over 1,426 stores in 47 states.
Revenue and income
In 2022, Big Lots’s total revenue was $6.15 billion. Net income was $177.77 million.
Future plans
Big Lots plans to continue expanding its store count in the United States. The company also plans to open new stores in Canada and Mexico. Big Lots also invests in new technologies, such as self-checkout and mobile ordering.
Corporate vs. franchise
About 90% of Big Lots stores are franchised. The remaining 10% are corporate-owned. Franchisees typically pay a $25,000 franchise fee and 5% of gross sales as royalties.
Additional information Big Lots Properties
Big Lots was founded in 1967 in Columbus, Ohio.
The company’s name refers to the fact that the first store was a discount retailer that sold large quantities of merchandise.
Big Lots is the second-largest closeout retailer in the United States, behind Dollar General.
The company’s most popular products include furniture, home decor, toys, and seasonal merchandise.
Big Lots is publicly traded on the New York Stock Exchange under BIG’s ticker.
Big Lots History
Big Lots traces back to 1961 when Bruce Halle opened a discount retail store in Columbus, Ohio. The company’s name was inspired by the fact that it sold various items at “big lots” prices. Big Lots quickly expanded across the United States, and today, it operates over 1,400 stores in 47 states.
Why Invest in Ground Lease and NNN Lease of Big Lots?
Investing in Big Lots’s ground lease and triple net (NNN) lease properties offer compelling reasons:
1) Big Lots NNN Property Investment: Stable income
Big Lots NNN Property Investment and Sale is an attractive proposition for savvy investors looking for a reliable and steady source of income. The venerable retailer Big Lots has firmly established its presence in the market for over six decades. This enduring success is a testament to its ability to survive and thrive in the ever-evolving retail landscape. Investors seeking a dependable income stream must look at Big Lots. The longevity of its success speaks volumes about its resilience, making it an ideal tenant for NNN (Triple Net Lease) property investments. Let’s delve into why Big Lots NNN Property Investment and Sale is a smart choice for those seeking financial stability and security in real estate.
2) Big Lots NNN Property Investment: Established tenant
Having a well-established tenant like Big Lots is a game-changer in commercial real estate investments. Big Lots boasts a household name status and a highly recognizable brand. This brand recognition translates into a substantial reduction in the risk of vacancy or lease default. When you invest in a Big Lots NNN property, you secure a tenant with a track record of success. This assurance of a stable tenant safeguards your investment and ensures a more predictable income stream. It’s a win-win situation for investors seeking a hassle-free and reliable source of rental income.
3) Big Lots NNN Property Investment: Low management responsibility
One of the most appealing aspects of NNN property investments, particularly in Big Lots, is the minimal management responsibility they entail. In a typical NNN lease arrangement, tenants assume responsibility for all property-related expenses, including property taxes, insurance, and maintenance. This shift of financial burden from the landlord to the tenant streamlines the management process and frees up valuable time and resources for investors. You won’t have to worry about the day-to-day maintenance of the property or dealing with tax and insurance matters. With Big Lots as your tenant, you can enjoy a hands-off investment approach while reaping the benefits of rental income.
4) Big Lots NNN Property Investment: Favorable lease terms
Another compelling reason to consider Big Lots NNN property investments is their favorable lease terms. NNN leases often come with extended durations, providing investors with stability and predictability. These long-term leases assure you that your property will bring in money for a considerable time. Furthermore, many NNN leases, including those with Big Lots, incorporate built-in rent escalations. This means that your rental income will increase over time, keeping pace with inflation and potentially providing significant financial growth. Big Lots NNN real estate investments are a desirable alternative for investors aiming to maximize their returns due to these advantageous lease terms, contributing to a consistent cash flow and the possibility of long-term rental growth.
5) Big Lots NNN Property Investment: Real estate value
Location is paramount in real estate, and Big Lots stores are strategically situated in high-traffic areas. This advantageous placement benefits not only the retailer but also property investors. The high visibility and accessibility of these locations can boost the overall property value. Investing in a Big Lots NNN property provides the potential for capital appreciation over time. Your property’s value can increase significantly as the surrounding area develops and the demand for prime locations grows. This adds another layer of profitability to your Big Lots NNN property investment, making it an even more attractive option for investors looking to build wealth through real estate.
Pros and Cons of Big Lots Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.
Cons:
1. Lease renewal risk when the term expires.
2. Dependency on Big Lots’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.
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.
