Arby’s
QSR & CoffeeNot rated
Tenant Insights
Tenant credit, in one place.
Who stands behind the lease, how the agencies rate the company or its parent, how many locations it runs and what has changed recently.
Parent companies
Brands that share a parent.
Several tenants report to the same parent company, and the parent is often the rated issuer. Each parent page brings its brands, rating, share price and recent changes together.
Inspire Brands
Private, owned by Roark Capital
3 brands on our list
Yum! Brands
Public, NYSE: YUM
1 brand on our list
Restaurant Brands International
Public, NYSE and TSX: QSR
2 brands on our listDine Brands Global
Public, NYSE: DIN
2 brands on our list
Darden Restaurants
Public, NYSE: DRI
2 brands on our list
CKE Restaurants
Private, owned by Roark Capital
2 brands on our list
The TJX Companies
Public, NYSE: TJX
3 brands on our list
CVS Health
Public, NYSE: CVS
2 brands on our list
Walmart Inc.
Public, NYSE: WMT
2 brands on our list
Learning Care Group
Private
2 brands on our list
Crash Champions
Private, owned by Clearlake Capital2 brands on our listStore Count Tracker
Who is adding units, and who is shrinking.
Latest reported location counts for every tenant, with year-by-year history from SEC filings, franchise disclosure documents and company sources where it is available, and a chart to compare trajectories.
Open the tracker
Dutch Bros+16.9%/yr
Raising Cane’s+15.2%/yr
Take 5 Oil Change+14.8%/yr
Family Dollar-7.0%/yr
Red Lobster-10.1%/yr
Annualized growth ending at the latest reported count. Only tenants with a latest count from 2024 or later and a positive location count.
119 tenants shown
QSR & Coffee 24
Black Rifle Coffee
QSR & CoffeeBRCC$10.09+4.5%
Not rated
Bojangles
QSR & CoffeeNot rated
Burger King
QSR & CoffeeQSR$77.52-0.2%
High yield · S&P BB+
Captain D’s
QSR & CoffeeNot rated
Carl’s Jr.
QSR & CoffeeNot rated
Chick-fil-A
QSR & CoffeeNot rated
Chipotle
QSR & CoffeeCMG$35.74+3.8%
Not rated
Dairy Queen
QSR & CoffeeNot rated
Dunkin’
QSR & CoffeeNot rated
Dutch Bros
QSR & CoffeeBROS$36.01+6.6%
Not rated
Hardee’s
QSR & CoffeeNot rated
KFC
QSR & CoffeeYUM$160.88-0.2%
High yield · S&P BB+
Krispy Kreme
QSR & CoffeeDNUT$4.03-3.4%
Not rated
McDonald’s
QSR & CoffeeMCD$281.44+1.8%
Investment grade · S&P BBB+
Panera Bread
QSR & CoffeeNot rated
Popeyes
QSR & CoffeeQSR$77.52-0.2%
High yield · S&P BB+
Portillo’s
QSR & CoffeePTLO$6.89+3.8%
Not rated
Raising Cane’s
QSR & CoffeeNot rated
Scooter’s Coffee
QSR & CoffeeNot rated
Starbucks
QSR & CoffeeSBUX$109.44+3.8%
Investment grade · Moody’s Baa1
Wendy’s
QSR & CoffeeWEN$8.30+1.8%
Not rated
Whataburger
QSR & CoffeeHigh yield · S&P B
White Castle
QSR & CoffeeNot rated
Casual Dining 13
Applebee’s
Casual DiningDIN$37.22+3.8%
Not rated
Big Boy
Casual DiningNot rated
Bob Evans
Casual DiningNot rated
Buffalo Wild Wings
Casual DiningNot rated
Cheddar’s Scratch Kitchen
Casual DiningDRI$229.77+1.5%
Investment grade · Moody’s Baa2
Chili’s
Casual DiningEAT$203.53-1.5%
High yield · Moody’s Ba1
Denny’s
Casual DiningHigh yield · S&P B+
Golden Corral
Casual DiningNot rated
Hook & Reel
Casual DiningNot rated
IHOP
Casual DiningDIN$37.22+3.8%
Not rated
LongHorn Steakhouse
Casual DiningDRI$229.77+1.5%
Investment grade · Moody’s Baa2
Outback Steakhouse
Casual DiningBLMN$10.28+5.4%
High yield · Moody’s B1
Red Lobster
Casual DiningNot rated
Auto Parts & Service 11
Advance Auto Parts
Auto Parts & ServiceAAP$45.94+1.0%
High yield · S&P BB
AutoNation
Auto Parts & ServiceAN$186.06+1.1%
Investment grade · Moody’s Baa3
AutoZone
Auto Parts & ServiceAZO$3,251.27+1.1%
Investment grade · S&P BBB
Belle Tire
Auto Parts & ServiceNot rated
Discount Tire
Auto Parts & ServiceNot rated
Grease Monkey
Auto Parts & ServiceNot rated
Jiffy Lube
Auto Parts & ServiceNot rated
Mavis Tires & Brakes
Auto Parts & ServiceNot rated
O’Reilly Auto Parts
Auto Parts & ServiceORLY$89.79-0.1%
Investment grade · S&P BBB
Take 5 Oil Change
Auto Parts & ServiceDRVN$12.26+3.1%
Not rated
Valvoline Instant Oil Change
Auto Parts & ServiceVVV$36.05+3.6%
High yield · S&P BB
Car Wash & Collision 8
Caliber Car Wash
Car Wash & CollisionNot rated
Caliber Collision
Car Wash & CollisionNot rated
Classic Collision
Car Wash & CollisionNot rated
Crash Champions
Car Wash & CollisionHigh yield · Moody’s Caa1
Mister Car Wash
Car Wash & CollisionNot rated
ModWash
Car Wash & CollisionNot rated
Signature Collision
Car Wash & CollisionHigh yield · Moody’s Caa1
Zips Car Wash
Car Wash & CollisionNot rated
Dollar & Discount 5
Dollar General
Dollar & DiscountDG$136.68+2.2%
Investment grade · Moody’s Baa3
Dollar Tree
Dollar & DiscountDLTR$137.23+4.6%
Investment grade · S&P BBB
Family Dollar
Dollar & DiscountHigh yield · S&P B
Gabe’s
Dollar & DiscountNot rated
Goodwill
Dollar & DiscountNot rated
Grocery & Big Box 13
Aldi
Grocery & Big BoxNot rated
Best Buy
Grocery & Big BoxBBY$106.28+6.7%
Investment grade · S&P BBB+
Burlington
Grocery & Big BoxBURL$257.17+4.2%
Not rated
Costco
Grocery & Big BoxCOST$1,066.18+1.2%
Investment grade · S&P AA
HomeGoods
Grocery & Big BoxTJX$138.13+2.1%
Investment grade · Moody’s A2
Kohl’s
Grocery & Big BoxKSS$24.92+8.2%
High yield · Moody’s B2
Kroger
Grocery & Big BoxKR$68.01+0.5%
Investment grade · Moody’s Baa1
Marshalls
Grocery & Big BoxTJX$138.13+2.1%
Investment grade · Moody’s A2
Ross Dress for Less
Grocery & Big BoxROST$237.00+2.6%
Investment grade · S&P A-
Sam’s Club
Grocery & Big BoxWMT$125.66+0.1%
Investment grade · S&P AA
Target
Grocery & Big BoxTGT$165.90+4.7%
Investment grade · Moody’s A2
TJ Maxx
Grocery & Big BoxTJX$138.13+2.1%
Investment grade · Moody’s A2
Walmart
Grocery & Big BoxWMT$125.66+0.1%
Investment grade · S&P AA
Home Improvement & Specialty Retail 14
At Home
Home Improvement & Specialty RetailNot rated
Guitar Center
Home Improvement & Specialty RetailNot rated
Hobby Lobby
Home Improvement & Specialty RetailNot rated
Lowe’s
Home Improvement & Specialty RetailLOW$232.10+3.4%
Investment grade · S&P BBB+
Mattress Firm
Home Improvement & Specialty RetailSGI$66.27+3.3%
High yield · Fitch BB+
Michaels
Home Improvement & Specialty RetailHigh yield · S&P B
Office Depot
Home Improvement & Specialty RetailNot rated
Petco
Home Improvement & Specialty RetailWOOF$3.10+4.7%
High yield · Moody’s B2
PetSmart
Home Improvement & Specialty RetailHigh yield · S&P B+
Sherwin-Williams
Home Improvement & Specialty RetailSHW$357.93+4.0%
Investment grade · Moody’s Baa2
Staples
Home Improvement & Specialty RetailHigh yield · Moody’s B3
The Home Depot
Home Improvement & Specialty RetailHD$353.42+2.9%
Investment grade · Moody’s A2
Tractor Supply
Home Improvement & Specialty RetailTSCO$37.40+2.9%
Investment grade · Moody’s Baa1
Value City Furniture
Home Improvement & Specialty RetailNot rated
Healthcare & Medical 9
Aspen Dental
Healthcare & MedicalHigh yield · S&P B-
CVS Pharmacy
Healthcare & MedicalCVS$85.25+1.7%
Investment grade · Fitch BBB
DaVita
Healthcare & MedicalDVA$185.54-3.0%
High yield · Moody’s Ba2
Fast Pace Health
Healthcare & MedicalNot rated
Fresenius Kidney Care
Healthcare & MedicalFMS$22.95-1.9%
Investment grade · S&P BBB-
Oak Street Health
Healthcare & MedicalCVS$85.25+1.7%
Investment grade · Fitch BBB
Parachute Plasma
Healthcare & MedicalNot rated
Rite Aid
Healthcare & MedicalNot rated
Walgreens
Healthcare & MedicalNot rated
Childcare & Education 4
Childtime
Childcare & EducationHigh yield · S&P B-
KinderCare
Childcare & EducationKLC$2.33+11.0%
High yield · S&P B+
The Learning Experience
Childcare & EducationNot rated
Tutor Time
Childcare & EducationHigh yield · S&P B-
Banks 10
Advance Financial
BanksNot rated
Bank of America
BanksBAC$50.55+2.3%
Not rated · Moody’s A1
Chase
BanksJPM$342.08+2.3%
Not rated · Moody’s A1
Citizens Bank
BanksCFG$65.10+2.9%
Investment grade · S&P BBB+
Commerce Bank
BanksCBSH$56.03+1.8%
Not rated · S&P A-
Fifth Third Bank
BanksFITB$54.36+2.5%
Investment grade · Moody’s Baa1
Huntington Bank
BanksHBAN$15.92+2.9%
Investment grade · Moody’s Baa1
PNC Bank
BanksPNC$231.30+2.6%
Not rated · Moody’s A3
Truist
BanksTFC$50.33+1.9%
Investment grade · S&P A-
Wells Fargo
BanksWFC$85.49+1.8%
Not rated · Moody’s A1
Fitness & Services 5
AMC Theatres
Fitness & ServicesAMC$3.40+8.3%
High yield · Moody’s B3
FedEx Office
Fitness & ServicesFDX$318.84+3.5%
Investment grade · S&P BBB
LA Fitness
Fitness & ServicesNot rated
Planet Fitness
Fitness & ServicesPLNT$61.11+1.3%
Not rated
The UPS Store
Fitness & ServicesUPS$110.96+2.5%
Investment grade · Moody’s A2
No tenants match that search.
Bond market
What each rating category yields.
Yields on individual tenant bonds are not shown because no free, licensed source for them is available. The ICE BofA indices below show what corporate bonds in each rating category currently pay. For recent deals, closures and rating actions, see Net Lease News.
| Rating category | Index | Effective yield | Spread over Treasuries (OAS) | As of |
|---|---|---|---|---|
| AA | ICE BofA AA US Corporate Index | 5.54% | 69 bps | Nov. 6, 2026 |
| A | ICE BofA Single-A US Corporate Index | 5.56% | 77 bps | Nov. 6, 2026 |
| BBB | ICE BofA BBB US Corporate Index | 5.95% | 116 bps | Nov. 6, 2026 |
| BB | ICE BofA BB US High Yield Index | 6.73% | 208 bps | Nov. 6, 2026 |
| B | ICE BofA Single-B US High Yield Index | 8.25% | 361 bps | Nov. 6, 2026 |
| Treasury | 10-year U.S. Treasury par yield | 4.88% | Benchmark | Nov. 9, 2026 |
Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.
Ratings are for the company or parent issuer shown. A specific lease may be guaranteed by a subsidiary or a franchisee, so the guarantor on the lease is what a buyer underwrites. Related reading: corporate vs. franchisee guarantees and cap rates and interest rates.
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