Marshalls
Baskersfield, CA
Marshalls, is a chain of American off-price department stores owned by TJX Companies. Marshalls has over 1,000 American stores, including larger stores named Marshalls Mega Store, covering 42 states and Puerto Rico, and 61 stores in Canada. Marshalls first expanded into Canada in March 2011. Marshalls is the U.S.’s second largest off-price family apparel and home fashion retailer, behind its sister company, TJ Maxx.
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Typical Lease Characteristics
Lease Term: 10 – 15 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 4-5 (5) Year Options
Lease Guarantor: Corporate
Positives:
- Bargain Price Sales model
- Recognized Brand
- Typically Long term leases with increases
Negatives:
- Competitive Industry Sector
- Susceptible to economic trends and pressures
- Large spaces make it more challenging to re-tenant
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Marshalls Company Profile
Headquarters Information
Framingham, Massachusetts
Founded in 1956
Company type: Public
Parent Company: TJX Companies
Industry: Retail
# of Employees: 5,100