Net Lease Tenant Profiles
Tenant Credit Ratings and More
Last Updated: August 2024
Net Lease Tenant Profiles
Tenant Credit Ratings and More
Last Updated: August 2024
Aaron's
Stock Ticker:
AAN
Moody's Ratings:
NA
S&P Ratings:
NA
About Aaron's: The Aaron's Company, Inc. (NYSE: AAN) is a leading provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and home goods.
U.S. Locations: 1,100+
Ownership: Corporate and Franchise-Owned
Advance Auto Parts
Stock Ticker:
AAP
Moody's Ratings:
Baa3
S&P Ratings:
BB+
About Advance Auto Parts: Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers.
U.S. Locations: 4,700+
Ownership: Corporate
Aldi
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Aldi: Here at ALDI, our stores are designed with savings in mind. We have a unique way of doing things. From our shopping cart system to our small layout to our exclusive brands, here's everything you need to know about shopping at ALDI!
U.S. Locations: 2,300+
Ownership: Company Owned
AMC
Stock Ticker:
AMC
Moody's Ratings:
Caa2
S&P Ratings:
CCC+
About AMC: AMC is the largest movie exhibition company in the United States and globally, with 900 theatres and 10,000 screens worldwide.
U.S. Locations: 660+
Ownership: Corporate
Applebee's
Stock Ticker:
DIN
Moody's Ratings:
NA
S&P Ratings:
NA
About Applebee's: As one of the world’s largest casual dining brands, Applebee’s is a go-to dining destination with more than 1,500 locations.
U.S. Locations: 1,500+
Ownership: Corporate and Franchise-Owned
Arby's (Inspire)
Stock Ticker:
NA
Moody's Ratings:
B2
S&P Ratings:
B+
About Arby's (Inspire): Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Dunkin' Donuts, and Baskin-Robbins.
U.S. Locations: 3,240+
Ownership: Company and Franchise-Owned
Ashley Furniture
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Ashley Furniture: At Ashley Furniture, we believe your home should be an extension of you. Our expansive collection of furniture and decor has something special for everyone. No matter your style or budget, we ensure you’ll find pieces that speak to you and reflect your personality.
U.S. Locations: 750+
Ownership: Corporate and Licensed Locations
Aspen Dental
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Aspen Dental: Aspen Dental® was founded in 1998 in New York by Bob Fontana with a simple goal in mind: to break down the barriers that doctors and patients face when it comes to dental care. Today, more than 25 years later, with a network of 1,000+ Aspen Dental locations nationwide, the mission of the company remains the same – to bring better care to more people.
U.S. Locations: 1,000+
Ownership: Independently Owned and Operated
AutoZone
Stock Ticker:
AZO
Moody's Ratings:
Baa1
S&P Ratings:
BBB
About AutoZone: AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas.
U.S. Locations: 6,300+
Ownership: Corporate
Bank of America
Stock Ticker:
BAC
Moody's Ratings:
A1
S&P Ratings:
A-
About Bank of America: Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.
U.S. Locations: 5,900+
Ownership: Corporate
Best Buy
Stock Ticker:
BBY
Moody's Ratings:
A3
S&P Ratings:
BBB+
About Best Buy: At Best Buy, our purpose is to enrich lives through technology. We do that by leveraging our unique combination of tech expertise and human touch to meet our customers’ everyday needs, whether they come to us online, visit our stores, or invite us into their homes.
U.S. Locations: 1,050+
Ownership: Corporate
BJ's Wholesale Club
Stock Ticker:
BJ
Moody's Ratings:
Ba1
S&P Ratings:
BB+
About BJ's Wholesale Club: BJ’s Wholesale Club (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to our members and serving a shared purpose: “We take care of the families who depend on us.”
U.S. Locations: 240+
Ownership: Corporate
BMO Harris
Stock Ticker:
BMO
Moody's Ratings:
A3
S&P Ratings:
A+
About BMO Harris: BMO Financial Group is the eighth-largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2024. Serving customers for 200 years, BMO provides a broad range of personal and commercial banking, wealth management, and investment banking products.
U.S. Locations: 600+
Ownership: Corporate
Buffalo Wild Wings (Inspire)
Stock Ticker:
NA
Moody's Ratings:
B2
S&P Ratings:
B+
About Buffalo Wild Wings: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Dunkin' Donuts, and Baskin-Robbins.
U.S. Locations: 1,300+
Ownership: Corporate and Franchise-Owned
Burger King (Restaurant Brands International)
Stock Ticker:
QSR
Moody's Ratings:
NA
S&P Ratings:
BB
About Burger King: Founded in 1954, the Burger King® brand is a global quick service hamburger chain known for food quality and value and as the only place guests can get the iconic flame-grilled Whopper® sandwich.
U.S. Locations: 6,600+
Ownership: Corporate and Franchise-Owned
Cadence Education
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Cadence Education: Cadence Education is one of the premier early childhood educators in the United States, operating more than 300 private preschools and elementary schools as members of the Cadence Education Family of Schools across the country.
U.S. Locations: 300+
Ownership: Company Owned
Caliber
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Caliber: The Caliber portfolio of brands features a full range of complementary automotive services, including Caliber Collision, Caliber Auto Glass, and Caliber Auto Care.
U.S. Locations: 1,700+
Ownership: Company and Franchise-Owned
Caribou Coffee (JAB Holding Company)
Stock Ticker:
NA
Moody's Ratings:
Baa1
S&P Ratings:
BBB+
About Caribou Coffee: Caribou Coffee provides high-quality, handcrafted coffee beverages and craveable food options in more than 800 coffeehouses worldwide. Known for a commitment to sustainable practices, Caribou serves 100% Rainforest Alliance Certified coffee beans.
U.S. Locations: 490+
Ownership: Company and Franchise-Owned
Carl's Jr
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Carl's Jr: Carl’s Jr.® is a global company with a 40+ year international history, operating more than 1,600 restaurants in 25+ countries with quality products and a modern restaurant design.
U.S. Locations: 1,060+
Ownership: Company and Franchise-Owned
Chase
Stock Ticker:
JPM
Moody's Ratings:
A1
S&P Ratings:
A-
About Chase: Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), with operations worldwide and assets of $4.1 trillion.
U.S. Locations: 4,700+
Ownership: Corporate
Checkers
Stock Ticker:
CHKR
Moody's Ratings:
NA
S&P Ratings:
NA
About Checkers: Checkers® and Rally’s® were built on the belief that fast food could be done better. With a focus on great flavor-packed food, great value, and great fast service, they are so much more than a burger restaurant.
U.S. Locations: 500+
Ownership: Company and Franchise-Owned
Chick-fil-A
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Chick-fil-A: Chick-fil-A, Inc. is the third-largest quick-service restaurant company in the U.S., known for its freshly-prepared food, signature hospitality, and unique franchise model. Founded in 1967 by S. Truett Cathy.
U.S. Locations: 3,000+
Ownership: Company and Franchise-Owned
Chili's (Brinker International)
Stock Ticker:
EAT
Moody's Ratings:
Ba3
S&P Ratings:
BB-
About Chili's: Brinker International, Inc. (NYSE: EAT) owns Chili’s® Grill & Bar and Maggiano’s Little Italy®, with over 1,600 restaurants worldwide, known for casual dining and high-quality food.
U.S. Locations: 1,500+
Ownership: Corporate and Franchise-Owned
Chipotle Mexican Grill
Stock Ticker:
CMG
Moody's Ratings:
NA
S&P Ratings:
NA
About Chipotle Mexican Grill: Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors, or preservatives.
U.S. Locations: 3,300+
Ownership: Corporate
Church's Texas Chicken
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Church's Texas Chicken: At Church’s®, we bring people together to savor the authentically unique flavor of Texas. We stick to our roots, because it’s the special flavor that makes us who we are today. It’s all about big portions, bold flavors, warm welcomes, and saving plenty of room for seconds.
U.S. Locations: 780+
Ownership: Company and Franchise-Owned
Circle K
Stock Ticker:
ANC
Moody's Ratings:
Baa1
S&P Ratings:
BBB+
About Circle K: Circle K’s success in the convenience retailing industry spans more than 60 years. Our roots trace back to 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas.
U.S. Locations: 6,800+
Ownership: Corporate and Franchise-Owned
Costco
Stock Ticker:
COST
Moody's Ratings:
Aa3
S&P Ratings:
A+
About Costco: Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the "Costco Wholesale" name, that carry quality, brand-name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources.
U.S. Locations: 600+
Ownership: Corporate
Culver's
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Culver's: In 1984, Craig and Lea Culver, along with Craig’s parents George and Ruth, opened the very first Culver's in the family’s beloved hometown of Sauk City, Wisconsin, and began serving ButterBurgers® and Frozen Custard. Craveable as our signature combination is, the Culver family knew right away that although the business is centered around the food, it is really about the people.
U.S. Locations: 990+
Ownership: Company and Franchise-Owned
CVS
Stock Ticker:
CVS
Moody's Ratings:
Baa2
S&P Ratings:
BBB
About CVS: CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels, and over 300,000 dedicated colleagues.
U.S. Locations: 9,160+
Ownership: Corporate
Dairy Queen
Stock Ticker:
BRK.A
Moody's Ratings:
Aa2
S&P Ratings:
AA
About Dairy Queen: International Dairy Queen Inc., (IDQ), headquartered in Minneapolis, Minnesota, is the parent company of American Dairy Queen Corporation and Dairy Queen Canada, Inc. IDQ is a subsidiary of Berkshire Hathaway Inc., which is led by Warren Buffett, the legendary investor and CEO of Berkshire.
U.S. Locations: 4,100+
Ownership: Franchise-Owned
Dave & Buster's / Main Event
Stock Ticker:
PLAY
Moody's Ratings:
B1
S&P Ratings:
B
About Dave & Buster's / Main Event: Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 224 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event.
U.S. Locations: 220+ (Corporately Owned)
Ownership: Corporate and Franchise (Outside U.S.)
DaVita
Stock Ticker:
DVA
Moody's Ratings:
Ba2
S&P Ratings:
BB
About DaVita: DaVita (NYSE: DVA) is a health care provider focused on transforming care delivery to improve quality of life for patients globally. The company is one of the largest providers of kidney care services in the U.S.
U.S. Locations: 3,500+
Ownership: Corporate
Denny's
Stock Ticker:
DENN
Moody's Ratings:
NA
S&P Ratings:
NA
About Denny's: For over 65 years, Denny’s has been a welcoming place where people can connect over great food. We’re always open, always serving your favorites, and we’re proud to be America's diner.
U.S. Locations: 1,600+
Ownership: Corporate and Franchise-Owned
Dollar General
Stock Ticker:
DG
Moody's Ratings:
Baa2
S&P Ratings:
BBB
About Dollar General: Dollar General Corporation (NYSE: DG) is proud to serve as America’s neighborhood general store. Founded in 1939, Dollar General lives its mission of Serving Others every day by providing access to affordable products and services for its customers and career opportunities for its employees.
U.S. Locations: 18,900+
Ownership: Corporate
Dollar Tree / Family Dollar
Stock Ticker:
DLTR
Moody's Ratings:
Baa2
S&P Ratings:
BBB
About Dollar Tree / Family Dollar: Ranked 137 on the Fortune 500 list, Dollar Tree, Inc. is two iconic brands — Dollar Tree and Family Dollar — delivering value and convenience through complementary businesses. Serving North America for more than 63 years, we are dedicated to making peoples’ lives better.
U.S. Locations: 16,000+
Ownership: Corporate
Domino's
Stock Ticker:
DPZ
Moody's Ratings:
NA
S&P Ratings:
NA
About Domino's: From humble beginnings as a single pizza restaurant in 1960, Domino’s has become today’s recognized world leader in pizza delivery. At Domino’s, we’re all about pizza — and from the day our doors opened, we have dedicated ourselves to making and delivering delicious food with high-quality ingredients.
U.S. Locations: 6,920+
Ownership: Corporate and Franchise-Owned
Duluth Trading
Stock Ticker:
DLTH
Moody's Ratings:
NA
S&P Ratings:
NA
About Duluth Trading: Duluth Trading is a lifestyle brand for the Modern, Self-Reliant American. Based in Mount Horeb, Wisconsin, we offer high-quality, solution-based casual wear, workwear, and accessories for men and women who lead a hands-on lifestyle and who value a job well-done. We provide our customers an engaging and entertaining experience.
U.S. Locations: 60+
Ownership: Corporate
Dunkin' Donuts
Stock Ticker:
DNKN
Moody's Ratings:
B2
S&P Ratings:
B+
About Dunkin' Donuts: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Dunkin' Donuts, and Baskin-Robbins.
U.S. Locations: 9,650+
Ownership: Franchise-Owned
Dutch Bros
Stock Ticker:
BROS
Moody's Ratings:
NA
S&P Ratings:
NA
About Dutch Bros: Dutch Bros Coffee is a drive-thru coffee company dedicated to making a massive difference one cup at a time. Headquartered in Grants Pass, Oregon, where it was founded in 1992 by Dane and Travis Boersma, it’s now sharing the “Dutch Luv” with more than 870 locations in 17 states.
U.S. Locations: 870+
Ownership: Company Owned
Festival Foods
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Festival Foods: From positively impacting communities to ensuring quality products and providing an exceptional experience, we’ve fueled a culture of excellence for more than 75 years. At Festival Foods, our customers are our guests. Today, Festival Foods has opened stores in 41 locations across Wisconsin.
U.S. Locations: 40+
Ownership: Company Owned
Five Guys
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Five Guys: Five Guys has been a Washington, DC area favorite since 1986 when Jerry and Janie Murrell offered sage advice to the four young Murrell brothers: "Start a business or go to college.” The business route won, and the Murrell family opened a carry-out burger joint in Arlington, Virginia. Now, 30 years after Five Guys first opened, there are almost 1,700 locations worldwide.
U.S. Locations: 1,700+
Ownership: Company and Franchise-Owned
Fresenius Medical Care
Stock Ticker:
FME
Moody's Ratings:
Baa3
S&P Ratings:
BBB-
About Fresenius Medical Care: Fresenius Medical Care is the world's leading provider of products and services for individuals with renal diseases, of which around 4.1 million patients worldwide regularly undergo dialysis treatment.
U.S. Locations: 3,700+
Ownership: Corporate
Goodwill
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Goodwill: Goodwill® is the largest nonprofit workforce development network in the country. It works to enhance the quality of life of individuals and families by strengthening communities, building bridges to opportunity, and helping people in need reach their potential through learning and the Power of Work®.
U.S. Locations: 4,200+
Ownership: Company Owned
Harbor Freight Tools
Stock Ticker:
NA
Moody's Ratings:
B1
S&P Ratings:
BB-
About Harbor Freight Tools: Harbor Freight is America’s #1 Tool Store with more than 1,500 locations nationwide. Over 75 million customers have come to Harbor Freight for our unmatched assortment of quality tools at an unbeatable value.
U.S. Locations: 1,500+
Ownership: Company Owned
Hardee's
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Hardee's: For over 60 years, Hardee's has brought communities together with quality, delicious food. With more than 1,800 restaurants across the U.S. and locations in 13 countries, we are committed to the best-tasting food to better serve our guests—From Made From Scratch™ Biscuits to Hand-Breaded Chicken Tenders™.
U.S. Locations: 1,800+
Ownership: Company and Franchise-Owned
Hobby Lobby
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Hobby Lobby: Hobby Lobby has more than 1,000 stores across the nation. Each store offers over 70,000 crafting and home décor products, including floral, fabric, needle art, custom framing, baskets, home accents, wearable art, arts and crafts, jewelry making, scrapbooking, and paper crafting supplies.
U.S. Locations: 1,000+
Ownership: Company Owned
Home Depot
Stock Ticker:
HD
Moody's Ratings:
A2
S&P Ratings:
A
About Home Depot: The Home Depot is the world's largest home improvement specialty retailer. At the end of the third quarter of fiscal year 2022, the company operated a total of 2,319 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico.
U.S. Locations: 2,000+
IHOP
Stock Ticker:
DIN
Moody's Ratings:
NA
S&P Ratings:
NA
About IHOP: For 65 years, the IHOP family restaurant chain has served our world-famous pancakes and a wide variety of breakfast, lunch, and dinner items that are loved by people of all ages—offering an affordable, everyday dining experience with warm and friendly service.
U.S. Locations: 1,600+
Ownership: Franchise-Owned
IHOP
Stock Ticker:
DIN
Moody's Ratings:
NA
S&P Ratings:
NA
About IHOP: For 65 years, the IHOP family restaurant chain has served our world-famous pancakes and a wide variety of breakfast, lunch, and dinner items that are loved by people of all ages—offering an affordable, everyday dining experience with warm and friendly service.
U.S. Locations: 1,600+
Ownership: Franchise-Owned
Jack in the Box
Stock Ticker:
JACK
Moody's Ratings:
NA
S&P Ratings:
NA
About Jack in the Box: Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,200 restaurants across 23 states.
U.S. Locations: 2,100+
Ownership: Corporate and Franchise-Owned
Jersey Mike's
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Jersey Mike's: Jersey Mike’s Subs, with more than 2,800 locations nationwide, serves authentic fresh sliced/fresh grilled subs on in-store freshly baked bread — the same recipe it started with in 1956. Passion for giving in Jersey Mike’s local communities is reflected in its mission statement: “Giving… making a difference in someone’s life.”
U.S. Locations: 2,800+
Ownership: 99% Franchise-Owned
Jiffy Lube
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Jiffy Lube: Jiffy Lube® is a leading provider of automotive preventive maintenance. With a national footprint of more than 2,000 franchisee-owned service centers across the country, Jiffy Lube offers a range of services from oil changes and tire rotations to everything in between.
U.S. Locations: 2,000+
Ownership: Franchise-Owned
Jimmy John's (Inspire)
Stock Ticker:
NA
Moody's Ratings:
B2
S&P Ratings:
B+
About Jimmy John's: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Dunkin' Donuts, and Baskin-Robbins.
U.S. Locations: 2,600+
Ownership: 98% Franchise-Owned
KFC (Yum! Brands)
Stock Ticker:
YUM
Moody's Ratings:
Ba2
S&P Ratings:
BB+
About KFC (Yum! Brands): It all began with the man, the myth, the legend himself. In 1930, in a humble service station in Corbin, Kentucky, 40-year-old Harland Sanders began feeding hungry travelers. Sanders spent the next nine years perfecting his secret blend of 11 herbs and spices, as well as the basic cooking technique we still use today.
U.S. Locations: 4,260+
Ownership: 99% Franchise-Owned
Kohl's
Stock Ticker:
KSS
Moody's Ratings:
Ba2
S&P Ratings:
BB
About Kohl's: Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value, and convenience for our customers.
U.S. Locations: 1,100+
Ownership: Corporate
Kroger
Stock Ticker:
KR
Moody's Ratings:
Baa1
S&P Ratings:
BBB
About Kroger: At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies, nearly 420,000 associates who serve over 11 million customers daily through a seamless digital shopping experience and retail food stores.
U.S. Locations: 1,240+
Ownership: Corporate
Kum & Go
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Kum & Go: In 1959, W.A. Krause and T.S. Gentle planted the seed for what Kum & Go would become with a single, full-service gas station in Hampton, Iowa. With over 300 stores dotting the Midwest and South, you can rely on us to be there, ready to elevate your journey, anytime you need.
U.S. Locations: 310+
Ownership: Company Owned
LA Fitness
Stock Ticker:
NA
Moody's Ratings:
B2
S&P Ratings:
B
About LA Fitness: Founded in Southern California in 1984, LA Fitness continues to seek innovative ways to enhance the physical and emotional well-being of our increasingly diverse membership base. With our wide range of amenities and highly trained staff, we provide fun and effective workout options to family members of all ages and interests.
U.S. Locations: 570+
Ownership: Company Owned
Learning Care Group
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Learning Care Group: Learning Care Group (LCG) is the second-largest for-profit early education and child care provider in North America and a leader in employer-sponsored solutions that meet the needs of organizations and their working families.
U.S. Locations: 1,070+
Ownership: Company Owned
Little Caesars
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Little Caesars: Headquartered in Detroit, Michigan, Little Caesars was founded by Mike and Marian Ilitch in 1959 as a single, family-owned restaurant. Today, Little Caesars is the third largest pizza chain in the world, with stores in each of the 50 U.S. states and 27 countries and territories.
U.S. Locations: 4,000+
Ownership: Company and Franchise-Owned
Lowe's
Stock Ticker:
LOW
Moody's Ratings:
Baa1
S&P Ratings:
BBB+
About Lowe's: Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States.
U.S. Locations: 1,800+
Ownership: Corporate
Mattress Firm
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Mattress Firm: Mattress Firm, the nation’s largest omni-channel mattress specialty retailer, has been helping solve America’s sleep problems for more than 90 years through our family of brands. Every one of our more than 6,000 passionate Sleep Experts® is driven by a common purpose: to change people’s lives through better sleep.
U.S. Locations: 2,400+
Ownership: Corporate
McDonald's
Stock Ticker:
MCD
Moody's Ratings:
Baa1
S&P Ratings:
BBB+
About McDonald's: McDonald’s is the world’s leading global foodservice retailer with over 40,000 locations in over 100 countries. Approximately 95% of McDonald’s restaurants worldwide are owned and operated by independent local business owners.
U.S. Locations: 13,000+
Ownership: Corporate and Franchise-Owned
Napa Auto Parts
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Napa Auto Parts: NAPA Auto Parts stores and Auto Care centers continue to connect professional automotive technicians, at-home mechanics, and everyday drivers with quality parts, aftermarket accessories, and car care products to keep their vehicles and garage equipment performing safely and efficiently.
U.S. Locations: 6,000+
Ownership: Corporate and Independently Owned
O'Reilly Auto Parts
Stock Ticker:
ORLY
Moody's Ratings:
Baa1
S&P Ratings:
BBB
About O'Reilly Auto Parts: O'Reilly Automotive, Inc. (NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers.
U.S. Locations: 6,100+
Ownership: Corporate (Parts City Franchise Option)
Panda Express
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Panda Express: Founded in 1983 at the Glendale Galleria in Glendale, California, Panda Express is America's favorite Chinese restaurant. With more than 2,300 stores, 47,000 associates, and $3 billion in sales, Panda Express is the largest family-owned and operated Asian dining concept in America.
U.S. Locations: 2,300+
Ownership: Corporate
Panera Bread
Stock Ticker:
NA
Moody's Ratings:
Baa1
S&P Ratings:
BBB+
About Panera Bread: Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. Today, Panera operates as both Panera Bread® or Saint Louis Bread Co. in 48 states, the District of Columbia, and Canada.
U.S. Locations: 2,100+
Ownership: Franchise-Owned
Papa John's
Stock Ticker:
PZZA
Moody's Ratings:
Ba3
S&P Ratings:
BB-
About Papa John's: Papa John’s International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen.
U.S. Locations: 3,140+
Ownership: Corporate and Franchise-Owned
Perkins Restaurant & Bakery
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Perkins Restaurant & Bakery: Founded in 1958 as a single pancake house in Ohio, Perkins has transformed into the nation's leading family restaurant. With nearly 300 company-owned and franchised locations in 32 states and two Canadian provinces, Perkins is proud of its growth and impact.
U.S. Locations: 275+
Ownership: Company and Franchise-Owned
Planet Fitness
Stock Ticker:
PLNT
Moody's Ratings:
NA
S&P Ratings:
NA
About Planet Fitness: Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations.
U.S. Locations: 2,300+
Ownership: Corporate and Franchise-Owned
PNC Bank
Stock Ticker:
PNC
Moody's Ratings:
A2
S&P Ratings:
A
About PNC Bank: PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking.
U.S. Locations: 2,500+
Ownership: Corporate
Popeye's
Stock Ticker:
QSR
Moody's Ratings:
NA
S&P Ratings:
BB
About Popeye's: Founded in New Orleans in 1972, POPEYES® has more than 50 years of history and culinary tradition. Popeyes distinguishes itself with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp, and other regional items.
U.S. Locations: 3,100+
Ownership: 98% Franchise-Owned
Portillo's
Stock Ticker:
PTLO
Moody's Ratings:
NA
S&P Ratings:
NA
About Portillo's: In 1963, Dick Portillo invested $1,100 into a small trailer to open the first Portillo’s hot dog stand in Villa Park, IL, which he called “The Dog House.” Portillo’s is best known for its Chicago-style hot dogs, Italian beef sandwiches, char-grilled burgers, fresh salads, and famous chocolate cake.
U.S. Locations: 80+
Ownership: Company Owned
Raising Cane's Chicken Fingers
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Raising Cane's: Our ONE LOVE is craveable Chicken Finger meals. We use only the highest-quality ingredients with a cook-to-order system that ensures a great tasting chicken finger meal served hot and fresh every time.
U.S. Locations: 700+
Ownership: Company and Franchise-Owned
Red Lobster
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Red Lobster: Red Lobster is the world's largest and most-loved seafood restaurant company, headquartered in Orlando, Fla. With a proud heritage, Red Lobster is focused on serving the highest quality, freshly prepared seafood that is traceable, sustainable, and responsibly sourced.
U.S. Locations: 550+
Ownership: Company and Franchise-Owned
Rite Aid
Stock Ticker:
RAD
Moody's Ratings:
NA
S&P Ratings:
NA
About Rite Aid: Rite Aid is a full-service pharmacy committed to improving health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of solutions that offer convenience, including retail and delivery pharmacy.
U.S. Locations: 1,500+
Ownership: Corporate
Sheetz
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Sheetz: A gas station? EV charging hub? Convenience store? Restaurant? Coffee shop? Car-wash? The cleanest public restroom, EVER? Sheetz is ALL of that, plus more. We exist to be your ultimate one-stop-shop: a destination for busy people, if you will.
U.S. Locations: 700+
Ownership: Company Owned
Sherwin-Williams
Stock Ticker:
SHW
Moody's Ratings:
Baa2
S&P Ratings:
BBB
About Sherwin-Williams: Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial, and retail customers.
U.S. Locations: 4,300+
Ownership: Corporate
Slumberland Furniture
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Slumberland Furniture: Slumberland Furniture was founded in 1967 by Ken Larson. Since its inception, Slumberland has grown to 125+ stores in 13 states. It is comprised of approximately 50 corporate stores and 75 franchised locations.
U.S. Locations: 125+
Ownership: Company and Franchise-Owned
Sonic
Stock Ticker:
NA
Moody's Ratings:
B2
S&P Ratings:
B+
About Sonic: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Dunkin' Donuts, and Baskin-Robbins.
U.S. Locations: 3,500+
Ownership: 95% Franchise-Owned
Starbucks
Stock Ticker:
SBUX
Moody's Ratings:
Baa1
S&P Ratings:
BBB+
About Starbucks: Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 39,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world.
U.S. Locations: 16,600+
Ownership: Corporate
Subway
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Subway: As one of the world's largest quick-service restaurant brands, Subway serves freshly made-to-order sandwiches, wraps, salads, and bowls to millions of guests, across more than 100 countries and territories in nearly 37,000 restaurants every day. Subway restaurants are owned and operated by Subway franchisees.
U.S. Locations: 20,500+
Ownership: Franchise-Owned
T-Mobile
Stock Ticker:
TMUS
Moody's Ratings:
Baa2
S&P Ratings:
BBB
About T-Mobile: T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all.
U.S. Locations: 6,800+
Ownership: Corporate and Franchise-Owned
Taco Bell
Stock Ticker:
YUM
Moody's Ratings:
Ba2
S&P Ratings:
BB+
About Taco Bell: For more than 61 years, Taco Bell has brought innovative, craveable Mexican-inspired food to the masses, and was recently recognized as one of TIME’s Most Influential Companies, one of Fast Company’s World’s Most Innovative Companies, and Nation’s Restaurant News’ Brand Icon.
U.S. Locations: 7,900+
Ownership: 94% Franchise-Owned
Take 5
Stock Ticker:
DRVN
Moody's Ratings:
NA
S&P Ratings:
B+
About Take 5: Take 5 is one of 10 aftermarket automotive brands owned by Driven Brands. Driven Brands is the largest group of automotive aftermarket service companies in the United States, with more than 2,600 centers generating over $2.5 billion in sales in North America.
U.S. Locations: 800+
Ownership: Company and Franchise-Owned
TGI Friday's
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About TGI Friday's: As the original casual dining bar and grill, TGI Fridays℠ offers authentic American food and legendary drinks, served with genuine personal service. Bringing people together to socialize and celebrate the freeing and liberating spirit of “Friday” was the concept’s founding premise, from which the brand promise “In Here, It’s Always Friday” was born.
U.S. Locations: 230+
Ownership: Company and Franchise-Owned
The Learning Experience
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About The Learning Experience: The Learning Experience® is one of the most trusted brands in the childcare space. From infancy to preschool, we make early education and daycare joyful, engaging and fun so children are happy to learn, play, and grow.
U.S. Locations: 600+
Ownership: Company and Franchise-Owned
TJX Companies
Stock Ticker:
TJX
Moody's Ratings:
A2
S&P Ratings:
A
About TJX Companies: The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Our mission is to deliver great value to customers every day.
U.S. Locations: 1,300+
Ownership: Corporate and Franchise-Owned
Tommy's Express Car Wash
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Tommy's Express Car Wash: Tommy's Express is a national car wash franchise and a comprehensive car wash solution, powered by Tommy Car Wash Systems. Tommy Car Wash Systems® is built on over 50 years of operational expertise and is one of the largest car wash equipment manufacturers today.
U.S. Locations: 200+
Ownership: Franchise-Owned
Tractor Supply Co
Stock Ticker:
TSCO
Moody's Ratings:
Baa1
S&P Ratings:
BBB
About Tractor Supply Co: For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts, and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 293 on the Fortune 500.
U.S. Locations: 2,250+
Ownership: Corporate
Trader Joe's
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Trader Joe's: Trader Joe’s is a national chain of neighborhood grocery stores. We are committed to providing our customers outstanding value in the form of the best quality products at the best everyday prices.
U.S. Locations: 590+
Ownership: Company Owned
Verizon
Stock Ticker:
VZ
Moody's Ratings:
Baa1
S&P Ratings:
BBB+
About Verizon: Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work, and play, delivering on their demand for mobility, reliable network connectivity, and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500.
U.S. Locations: 6,500+
Ownership: Corporate and Franchise-Owned
Walgreens
Stock Ticker:
WBA
Moody's Ratings:
Ba3
S&P Ratings:
BB
About Walgreens: Walgreens Boots Alliance (Nasdaq: WBA) serves millions of customers and patients every day, with a 170-year heritage of caring for communities. A trusted, global innovator in retail pharmacy with more than 12,500 locations across the U.S., Europe, and Latin America, WBA plays a critical role in the healthcare ecosystem.
U.S. Locations: 8,200+
Ownership: Corporate
Walmart
Stock Ticker:
WMT
Moody's Ratings:
Aa2
S&P Ratings:
AA
About Walmart: Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better — anytime and anywhere — in stores, online, and through their mobile devices.
U.S. Locations: 4,600+
Ownership: Corporate
Wawa
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Wawa: Wawa, Inc., a privately held company, began in 1803 as an iron foundry in New Jersey. Today, Wawa is your all day, every day stop for freshly prepared foods, beverages, coffee, fuel services, and surcharge-free ATMs.
U.S. Locations: 1,080+
Ownership: Company Owned
Wells Fargo
Stock Ticker:
WFC
Moody's Ratings:
A1
S&P Ratings:
A+
About Wells Fargo: Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance.
U.S. Locations: 4,500+
Ownership: Corporate
Wendy's
Stock Ticker:
WEN
Moody's Ratings:
B3
S&P Ratings:
B+
About Wendy's: Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is our Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads with hand-chopped lettuce, and other signature items like chili, baked potatoes, and the Frosty® dessert.
U.S. Locations: 6,000+
Ownership: Corporate and Franchise-Owned
Whataburger
Stock Ticker:
NA
Moody's Ratings:
NA
S&P Ratings:
NA
About Whataburger: Whataburger serves up Goodness 24/7. Our original recipes are made to order, just like you like it, and we pride ourselves on extraordinary hospitality and meaningful connections in our communities. That’s what’s led fans to Whataburger since Harmon Dobson served our first customer in 1950.
U.S. Locations: 1,000+
Ownership: Company and Franchise-Owned
7-Eleven
Stock Ticker:
NA
Moody's Ratings:
Baa2
S&P Ratings:
A
About 7-Eleven: As the world’s first convenience store, our top priority has always been to give customers the most convenient experience possible to consistently meet their needs. 7-Eleven aims to be a one-stop shop for consumers – a place people can always rely on to deliver what they want, when, where, and how they want it.
U.S. Locations: 9,400+
Ownership: Company and Franchise-Owned
Advance Auto Parts
Stock Ticker:
AAP
Moody’s Ratings:
Baa3
S&P Ratings:
BB+
About Advance Auto Parts: Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers.
U.S. Locations: 4,700+
Ownership: Corporate
AutoZone
Stock Ticker:
AZO
Moody’s Ratings:
Baa1
S&P Ratings:
BBB
About AutoZone: AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas.
U.S. Locations: 6,300+
Ownership: Corporate
Caliber
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Caliber: The Caliber portfolio of brands features a full range of complementary automotive services, including Caliber Collision, the nation’s largest auto collision repair provider, Caliber Auto Glass for glass repair and replacement, and Caliber Auto Care for mechanical repair and quick oil change services.
U.S. Locations: 1,700+
Ownership: Company and Franchise-Owned
Jiffy Lube
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Jiffy Lube: Jiffy Lube® is a leading provider of automotive preventive maintenance. With a national footprint of more than 2,000 franchisee-owned service centers across the country, Jiffy Lube offers a range of services from oil changes and tire rotations to everything in between.
U.S. Locations: 2,000+
Ownership: Franchise-Owned
Napa Auto Parts
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Napa Auto Parts: NAPA Auto Parts stores and Auto Care centers continue to connect professional automotive technicians, at-home mechanics, and everyday drivers with quality parts, aftermarket accessories, and car care products to keep their vehicles and garage equipment performing safely and efficiently.
U.S. Locations: 6,000+
Ownership: Corporate and Independently Owned
O’Reilly Auto Parts
Stock Ticker:
ORLY
Moody’s Ratings:
Baa1
S&P Ratings:
BBB
About O’Reilly Auto Parts: O’Reilly Automotive, Inc. (NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers.
U.S. Locations: 6,100+
Ownership: Corporate (Parts City Franchise Option)
Tommy’s Express Car Wash
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Tommy’s Express Car Wash: Tommy’s Express is a national car wash franchise and a comprehensive car wash solution, powered by Tommy Car Wash Systems. Tommy Car Wash Systems® is built on over 50 years of operational expertise and is one of the largest car wash equipment manufacturers today.
U.S. Locations: 200+
Ownership: Franchise-Owned
Take 5 (Driven Brands)
Stock Ticker:
DRVN
Moody’s Ratings:
NA
S&P Ratings:
B+
About Take 5: Take 5 is one of 10 aftermarket automotive brands owned by Driven Brands. Driven Brands is the largest group of automotive aftermarket service companies in the United States, with more than 2,600 centers generating over $2.5 billion in sales in North America. .
U.S. Locations: 800+
Ownership: Company and Franchise-Owned
Bank of America
Stock Ticker:
BAC
Moody’s Ratings:
A1
S&P Ratings:
A-
About Bank of America: Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.
U.S. Locations: 5,900+
Ownership: Corporate
Chase
Stock Ticker:
JPM
Moody’s Ratings:
A1
S&P Ratings:
A-
About Chase: Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States with assets of $4.1 trillion and operations worldwide.
U.S. Locations: 4,700+
Ownership: Corporate
PNC Bank
Stock Ticker:
PNC
Moody’s Ratings:
A2
S&P Ratings:
A
About PNC Bank: PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking.
U.S. Locations: 2,500+
Ownership: Corporate
Wells Fargo
Stock Ticker:
WFC
Moody’s Ratings:
A1
S&P Ratings:
A+
About Wells Fargo: Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance.
U.S. Locations: 4,500+
Ownership: Corporate
BMO Harris
Stock Ticker:
BMO
Moody’s Ratings:
A3
S&P Ratings:
A+
About BMO Harris: BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets, and investment banking products.
U.S. Locations: 600+
Ownership: Corporate
Ashley Furniture
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Ashley Furniture: At Ashley Furniture, we believe your home should be an extension of you. Our expansive collection of furniture and decor has something special for everyone. No matter your style or budget, we ensure you’ll find pieces that speak to you and reflect your personality.
U.S. Locations: 750+
Ownership: Corporate and Licensed Locations
Best Buy
Stock Ticker:
BBY
Moody’s Ratings:
A3
S&P Ratings:
BBB+
About Best Buy: At Best Buy, our purpose is to enrich lives through technology. We do that by leveraging our unique combination of tech expertise and human touch to meet our customers’ everyday needs, whether they come to us online, visit our stores or invite us into their homes.
U.S. Locations: 1,050+
Ownership: Corporate
BJ’s Wholesale Club
Stock Ticker:
BJ
Moody’s Ratings:
Ba1
S&P Ratings:
BB+
About BJ’s Wholesale Club: BJ’s Wholesale Club (NYSE: BJ) (“BJ’s”) is a leading operator of membership warehouse clubs focused on delivering significant value to our members and serving a shared purpose: “We take care of the families who depend on us.”
U.S. Locations: 240+
Ownership: Corporate
Costco
Stock Ticker:
COST
Moody’s Ratings:
Aa3
S&P Ratings:
A+
About Costco: Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the “Costco Wholesale” name, that carry quality, brand-name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources.
U.S. Locations: 600+
Ownership: Corporate
Goodwill
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Goodwill: Goodwill® is the largest nonprofit workforce development network in the country. It works to enhance the quality of life of individuals and families by strengthening communities, building bridges to opportunity and helping people in need reach their potential through learning and the Power of Work®.
U.S. Locations: 4,200+
Ownership: Company Owned
Harbor Freight Tools
Stock Ticker:
NA
Moody’s Ratings:
B1
S&P Ratings:
BB-
About Harbor Freight Tools: Harbor Freight is America’s #1 Tool Store with more than 1,500 locations nationwide. Over 75 million customers have come to Harbor Freight for our unmatched assortment of quality tools at an unbeatable value.
U.S. Locations: 1,500+
Ownership: Company Owned
Hobby Lobby
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Hobby Lobby: Hobby Lobby has more than 1,000 stores across the nation. Each store offers over 70,000 crafting and home decor products including floral, fabric, needle art, custom framing, baskets, home accents, wearable art, arts and crafts, jewelry making, scrapbooking and paper crafting supplies.
U.S. Locations: 1,000+
Ownership: Company Owned
Home Depot
Stock Ticker:
HD
Moody’s Ratings:
A2
S&P Ratings:
A
About Home Depot: The Home Depot is the world’s largest home improvement specialty retailer. At the end of the third quarter of fiscal year 2022, the company operated a total of 2,319 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.
U.S. Locations: 2,000+
Ownership: Corporate
Kohl’s
Stock Ticker:
KSS
Moody’s Ratings:
Ba2
S&P Ratings:
BB
About Kohl’s: Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers.
U.S. Locations: 1,100+
Ownership: Corporate
Lowe’s
Stock Ticker:
LOW
Moody’s Ratings:
Baa1
S&P Ratings:
BBB+
About Lowe’s: Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States.
U.S. Locations: 1,800+
Ownership: Corporate
Macy’s
Stock Ticker:
M
Moody’s Ratings:
Ba3
S&P Ratings:
B+
About Macy’s: Macy’s is a leading omnichannel retailer that operates over 500 stores across the United States. The company offers a wide range of products, including fashion apparel, home goods, and beauty products.
U.S. Locations: 500+
Ownership: Corporate
Applebee’s
Stock Ticker:
DIN
Moody’s Ratings:
NA
S&P Ratings:
NA
About Applebee’s: As one of the world’s largest casual dining brands, Applebee’s is a go-to dining destination in neighborhoods throughout the United States and abroad. From our very first restaurant in Decatur, Georgia to more than 1,500 locations.
U.S. Locations: 1,500+
Ownership: Corporate and Franchise-Owned
Buffalo Wild Wings (Inspire)
Stock Ticker:
NA
Moody’s Ratings:
B2
S&P Ratings:
B+
About Buffalo Wild Wings: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s, Dunkin’ Donuts, and Baskin-Robbins.
U.S. Locations: 1,300+
Ownership: Corporate and Franchise-Owned
Chili’s (Brinker International)
Stock Ticker:
EAT
Moody’s Ratings:
Ba3
S&P Ratings:
BB-
About Chili’s: Brinker International, Inc. (NYSE: EAT) is one of the world’s leading casual dining restaurant companies and home of Chili’s® Grill & Bar, Maggiano’s Little Italy® and virtual brand: It’s Just Wings®. Brinker owns, operates or franchises more than 1,600 restaurants in 29 countries and two U.S. territories.
U.S. Locations: 1,500+
Ownership: Corporate and Franchise-Owned
Denny’s
Stock Ticker:
DENN
Moody’s Ratings:
NA
S&P Ratings:
NA
About Denny’s: For over 65 years, Denny’s has been a welcoming place where people can connect over great food. We’re always open, always serving your favorites, and we’re proud to be America’s diner.
U.S. Locations: 1,600+
Ownership: Corporate and Franchise-Owned
IHOP
Stock Ticker:
DIN
Moody’s Ratings:
NA
S&P Ratings:
NA
About IHOP: For 65 years, the IHOP family restaurant chain has served our world-famous pancakes and a wide variety of breakfast, lunch, and dinner items that are loved by people of all ages — offering an affordable, everyday dining experience with warm and friendly service.
U.S. Locations: 1,600+
Ownership: Franchise-Owned
Perkins Restaurant & Bakery
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Perkins Restaurant & Bakery: Founded in 1958 as a single pancake house in Ohio, Perkins has transformed into the nation’s leading family restaurant. And when we say that, we aren’t joking. With nearly 300 company-owned and franchised locations in 32 states and two Canadian provinces, we’re pretty proud of how far we’ve come.
U.S. Locations: 275+
Ownership: Company and Franchise-Owned
Red Lobster
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Red Lobster: Red Lobster is the world’s largest and most-loved seafood restaurant company, headquartered in Orlando, Fla. With a proud heritage, Red Lobster is focused on serving the highest quality, freshly prepared seafood that is traceable, sustainable, and responsibly sourced.
U.S. Locations: 550+
Ownership: Company and Franchise-Owned
TGI Friday’s
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About TGI Friday’s: As the original casual dining bar and grill, TGI Fridays℠ offers authentic American food and legendary drinks, served with genuine personal service. Bringing people together to socialize and celebrate the freeing and liberating spirit of “Friday” was the concept’s founding premise, from which the brand promise “In Here, It’s Always Friday” was born.
U.S. Locations: 230+
Ownership: Company and Franchise-Owned
Yard House
Stock Ticker:
DRI
Moody’s Ratings:
Baa2
S&P Ratings:
BBB
About Yard House: At Yard House, our passion for great draft beer, great food, and great music runs deep. You’ll find the world’s largest selection of draft beer along with a delightfully inspired mouth-watering menu.
U.S. Locations: 80+
Ownership: Corporate
7-Eleven
Stock Ticker:
NA
Moody’s Ratings:
Baa2
S&P Ratings:
A
About 7-Eleven: As the world’s first convenience store, our top priority has always been to give customers the most convenient experience possible to consistently meet their needs. 7-Eleven aims to be a one-stop shop for consumers – a place people can always rely on to deliver what they want, when, where, and how they want it.
U.S. Locations: 9,400+
Ownership: Company and Franchise-Owned
Circle K
Stock Ticker:
ANCUF
Moody’s Ratings:
Baa1
S&P Ratings:
BBB+
About Circle K: Circle K’s success in the convenience retailing industry spans more than 60 years. Our roots trace back to 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas.
U.S. Locations: 6,800+
Ownership: Corporate and Franchise-Owned
Kum & Go
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Kum & Go: In 1959, W.A. Krause and T.S. Gentle planted the seed for what Kum & Go would become with a single, full-service gas station in Hampton, Iowa. With over 300 stores dotting the Midwest and South, you can rely on us to be there, ready to elevate your journey, anytime you need.
U.S. Locations: 310+
Ownership: Company Owned
Sheetz
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Sheetz: A gas station? EV charging hub? Convenience store? Restaurant? Coffee shop? Car-wash? The cleanest public restroom, EVER? Sheetz is ALL of that, plus more. We exist to be your ultimate one-stop-shop: a destination for busy people, if you will.
U.S. Locations: 700+
Ownership: Company Owned
Wawa
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Wawa: Wawa, Inc., a privately held company, began in 1803 as an iron foundry in New Jersey. Today, Wawa is your all day, every day stop for freshly prepared foods, beverages, coffee, fuel services, and surcharge-free ATMs.
U.S. Locations: 1,080+
Ownership: Company Owned
Dollar General
Stock Ticker:
DG
Moody’s Ratings:
Baa2
S&P Ratings:
BBB
About Dollar General: Dollar General Corporation (NYSE: DG) is proud to serve as America’s neighborhood general store. Founded in 1939, Dollar General lives its mission of Serving Others every day by providing access to affordable products and services for its customers, and career opportunities for its employees.
U.S. Locations: 18,900+
Ownership: Corporate
Dollar Tree / Family Dollar
Stock Ticker:
DLTR
Moody’s Ratings:
Baa2
S&P Ratings:
BBB
About Dollar Tree / Family Dollar: Ranked 137 on the Fortune 500 list, Dollar Tree, Inc. is two iconic brands — Dollar Tree and Family Dollar — delivering value and convenience through complementary businesses. Serving North America for more than 63 years, we are dedicated to making peoples’ lives better.
U.S. Locations: 16,000+
Ownership: Corporate
Cadence Education
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Cadence Education: Cadence Education is one of the premier early childhood educators in the United States, operating more than 300 private preschools and elementary schools as members of the Cadence Education Family of Schools across the country.
U.S. Locations: 300+
Ownership: Company Owned
Learning Care Group
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Learning Care Group: Learning Care Group (LCG) is the second-largest for-profit early education and child care provider in North America and a leader in employer-sponsored solutions that meet the needs of organizations and their working families.
U.S. Locations: 1,070+
Ownership: Company Owned
The Learning Experience
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About The Learning Experience: The Learning Experience® is one of the most trusted brands in the childcare space. From infancy to preschool, we make early education and daycare joyful, engaging, and fun so children are happy to learn, play, and grow.
U.S. Locations: 600+
Ownership: Company and Franchise-Owned
AMC
Stock Ticker:
AMC
Moody’s Ratings:
Caa2
S&P Ratings:
CCC+
About AMC: AMC is the largest movie exhibition company in the United States and the largest throughout the world, with approximately 900 theatres and 10,000 screens across the globe.
U.S. Locations: 660+
Ownership: Corporate
Dave & Buster’s / Main Event
Stock Ticker:
PLAY
Moody’s Ratings:
B1
S&P Ratings:
B
About Dave & Buster’s / Main Event: Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc., is the owner and operator of 224 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event.
U.S. Locations: 220+
Ownership: U.S. locations are corporately owned; locations outside the U.S. are available to franchises.
LA Fitness
Stock Ticker:
NA
Moody’s Ratings:
B2
S&P Ratings:
B
About LA Fitness: Founded in Southern California in 1984, LA Fitness continues to seek innovative ways to enhance the physical and emotional well-being of our increasingly diverse membership base. With our wide range of amenities and highly trained staff, we provide fun and effective workout options to family members of all ages and interests.
U.S. Locations: 570+
Ownership: Company Owned
Planet Fitness
Stock Ticker:
PLNT
Moody’s Ratings:
NA
S&P Ratings:
NA
About Planet Fitness: Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations.
U.S. Locations: 2,300+
Ownership: Corporate and Franchise-Owned
Aldi
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Aldi: Here at ALDI, our stores are designed with savings in mind. We have a unique way of doing things. From our shopping cart system to our small layout to our exclusive brands, here’s everything you need to know about shopping at ALDI!
U.S. Locations: 2,300+
Ownership: Company Owned
Festival Foods
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Festival Foods: From positively impacting communities to ensuring quality products to providing an exceptional experience, we’ve fueled a culture of excellence for more than 75 years. At Festival Foods, our customers are our guests. Today, Festival Foods has opened stores in 41 locations across Wisconsin.
U.S. Locations: 40+
Ownership: Company Owned
Kroger
Stock Ticker:
KR
Moody’s Ratings:
Baa1
S&P Ratings:
BBB
About Kroger: At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies, nearly 420,000 associates who serve over 11 million customers daily through a seamless digital shopping experience and retail food stores.
U.S. Locations: 1,240+
Ownership: Corporate
Trader Joe’s
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Trader Joe’s: Trader Joe’s is a national chain of neighborhood grocery stores. We are committed to providing our customers outstanding value in the form of the best quality products at the best everyday prices.
U.S. Locations: 590+
Ownership: Company Owned
Whole Foods Market
Stock Ticker:
WFM
Moody’s Ratings:
A1
S&P Ratings:
AA-
About Whole Foods Market: Who are we? Well, we seek out the finest natural and organic foods available, maintain the strictest quality standards in the industry, and have an unshakeable commitment to sustainable agriculture. Add to that the excitement and fun we bring to shopping for groceries, and you start to get a sense of what we’re all about. Oh yeah, we’re a mission-driven company too.
U.S. Locations: 510+
Ownership: Corporate
Aspen Dental
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Aspen Dental: Aspen Dental® was founded in 1998 in New York by Bob Fontana with a simple goal in mind: to break down the barriers that doctors and patients face when it comes to dental care. Today, more than 25 years later, with a network of 1,000+ Aspen Dental locations nationwide, the mission of the company remains the same – to bring better care to more people.
U.S. Locations: 1,000+
Ownership: Independently Owned and Operated
DaVita
Stock Ticker:
DVA
Moody’s Ratings:
Ba2
S&P Ratings:
BB
About DaVita: DaVita is a health care provider focused on transforming care delivery to improve quality of life for patients globally. The company is one of the largest providers of kidney care services in the U.S.
U.S. Locations: 3,500+
Ownership: Corporate
Fresenius Medical Care
Stock Ticker:
FME
Moody’s Ratings:
Baa3
S&P Ratings:
BBB-
About Fresenius Medical Care: Fresenius Medical Care is the world’s leading provider of products and services for individuals with renal diseases, of which around 4.1 million patients worldwide regularly undergo dialysis treatment.
U.S. Locations: 3,700+
Ownership: Corporate
CVS
Stock Ticker:
CVS
Moody’s Ratings:
Baa2
S&P Ratings:
BBB
About CVS: CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels, and over 300,000 dedicated colleagues.
U.S. Locations: 9,160+
Ownership: Corporate
Rite Aid
Stock Ticker:
RAD
Moody’s Ratings:
NA
S&P Ratings:
NA
About Rite Aid: Rite Aid is a full-service pharmacy committed to improving health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of solutions that offer convenience, including retail and delivery pharmacy.
U.S. Locations: 1,500+
Ownership: Corporate
Walgreens
Stock Ticker:
WBA
Moody’s Ratings:
Ba3
S&P Ratings:
BB
About Walgreens: Walgreens Boots Alliance (Nasdaq: WBA) serves millions of customers and patients every day, with a 170-year heritage of caring for communities. A trusted, global innovator in retail pharmacy with more than 12,500 locations across the U.S., Europe, and Latin America, WBA plays a critical role in the healthcare ecosystem.
U.S. Locations: 8,200+
Ownership: Corporate
Arby’s
Stock Ticker:
NA
Moody’s Ratings:
B2
S&P Ratings:
B+
About Arby’s: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s, Dunkin’ Donuts, and Baskin-Robbins.
U.S. Locations: 3,240+
Ownership: Company and Franchise-Owned
Burger King
Stock Ticker:
QSR
Moody’s Ratings:
NA
S&P Ratings:
BB
About Burger King: Founded in 1954, the Burger King® brand is a global quick-service hamburger chain known for food quality and value and as the only place guests can get the iconic flame-grilled Whopper® sandwich. The Burger King system operates more than 18,700 locations in more than 100 countries and U.S. territories.
U.S. Locations: 6,600+
Ownership: Corporate and Franchise-Owned
Caribou Coffee
Stock Ticker:
NA
Moody’s Ratings:
Baa1
S&P Ratings:
BBB+
About Caribou Coffee: Caribou Coffee provides high-quality, handcrafted coffee-forward beverages and craveable food options in more than 800 coffeehouses worldwide. Known for a commitment to sustainable practices and making a difference, Caribou Coffee serves 100% Rainforest Alliance Certified coffee beans and crafts each menu item with the purpose to create day-making experiences.
U.S. Locations: 490+
Ownership: Company and Franchise-Owned
Carl’s Jr
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Carl’s Jr: Carl’s Jr.® is a global company with a 40+ year international history. Today, we’re operating more than 1,600 restaurants in 25+ countries around the world. Our quality products, modern restaurant design, and experienced international team are a winning combination that drive our consistent growth.
U.S. Locations: 1,060+
Ownership: Company and Franchise-Owned
Checkers
Stock Ticker:
CHKR
Moody’s Ratings:
NA
S&P Ratings:
NA
About Checkers: Checkers® and Rally’s® were built on the belief that fast food could be done better. Turns out, that’s true! With a focus on great flavor-packed food, great value, and great fast service, we’re so much more than a burger restaurant.
U.S. Locations: 500+
Ownership: Company and Franchise-Owned
Chick-fil-A
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Chick-fil-A: Chick-fil-A, Inc. is the third largest quick-service restaurant company in the United States, known for its freshly-prepared food, signature hospitality, and unique franchise model. The family-owned and privately held company was founded in 1967 by S. Truett Cathy.
U.S. Locations: 3,000+
Ownership: Company and Franchise-Owned
Chipotle Mexican Grill
Stock Ticker:
CMG
Moody’s Ratings:
NA
S&P Ratings:
NA
About Chipotle Mexican Grill: Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors, or preservatives.
U.S. Locations: 3,300+
Ownership: Corporate
Church’s Texas Chicken
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Church’s Texas Chicken: At Church’s®, we bring people together to savor the authentically unique flavor of Texas. We stick to our roots because it’s the special flavor that makes us who we are today. It’s all about big portions, bold flavors, warm welcomes, and saving plenty of room for seconds.
U.S. Locations: 780+
Ownership: Company and Franchise-Owned
Culver’s
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Culver’s: In 1984, Craig and Lea Culver, along with Craig’s parents George and Ruth, opened the very first Culver’s in the family’s beloved hometown of Sauk City, Wisconsin, and began serving ButterBurgers® and Frozen Custard. Craveable as our signature combination is, the Culver family knew right away that although the business is centered around the food, it is really about the people.
U.S. Locations: 990+
Ownership: Company and Franchise-Owned
Dairy Queen
Stock Ticker:
BRK.A
Moody’s Ratings:
Aa2
S&P Ratings:
AA
About Dairy Queen: International Dairy Queen Inc. (IDQ), headquartered in Minneapolis, Minnesota, is the parent company of American Dairy Queen Corporation and Dairy Queen Canada, Inc. IDQ is a subsidiary of Berkshire Hathaway Inc., which is led by Warren Buffett, the legendary investor and CEO of Berkshire.
U.S. Locations: 4,100+
Ownership: Franchise-Owned
Domino’s
Stock Ticker:
DPZ
Moody’s Ratings:
NA
S&P Ratings:
NA
About Domino’s: From humble beginnings as a single pizza restaurant in 1960, Domino’s has become today’s recognized world leader in pizza delivery. At Domino’s, we’re all about pizza — and from the day our doors opened, we have dedicated ourselves to making and delivering delicious food with high-quality ingredients.
U.S. Locations: 6,920+
Ownership: Corporate and Franchise-Owned
Dunkin’ Donuts
Stock Ticker:
DNKN
Moody’s Ratings:
B2
S&P Ratings:
B+
About Dunkin’ Donuts: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s, Dunkin’ Donuts, and Baskin-Robbins.
U.S. Locations: 9,650+
Ownership: Franchise-Owned
Dutch Bros
Stock Ticker:
BROS
Moody’s Ratings:
NA
S&P Ratings:
NA
About Dutch Bros: Dutch Bros Coffee is a drive-thru coffee company dedicated to making a massive difference one cup at a time. Headquartered in Grants Pass, Oregon, where it was founded in 1992 by Dane and Travis Boersma, it’s now sharing the “Dutch Luv” with more than 870 locations in 17 states.
U.S. Locations: 870+
Ownership: Company Owned
Five Guys
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Five Guys: Five Guys has been a Washington, DC area favorite since 1986 when Jerry and Janie Murrell offered sage advice to the four young Murrell brothers: “Start a business or go to college.” The business route won and the Murrell family opened a carry-out burger joint in Arlington, Virginia. Now, 30 years after Five Guys first opened, there are almost 1,700 locations worldwide.
U.S. Locations: 1,700+
Ownership: Company and Franchise-Owned
Hardee’s
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Hardee’s: For over 60 years, Hardee’s has brought communities together with quality, delicious food. With more than 1,800 restaurants across the U.S., and locations in 13 countries, we are committed to the best tasting food to better serve our guests — from Made From Scratch™ Biscuits to Hand-Breaded Chicken Tenders™.
U.S. Locations: 1,800+
Ownership: Company and Franchise-Owned
Jack in the Box
Stock Ticker:
JACK
Moody’s Ratings:
NA
S&P Ratings:
NA
About Jack in the Box: Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation’s largest hamburger chains with approximately 2,200 restaurants across 23 states.
U.S. Locations: 2,100+
Ownership: Corporate and Franchise-Owned
Jersey Mike’s
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Jersey Mike’s: Jersey Mike’s Subs, with more than 2,800 locations nationwide, serves authentic fresh sliced/fresh grilled subs on in-store freshly baked bread — the same recipe it started with in 1956. Passion for giving in Jersey Mike’s local communities is reflected in its mission statement “Giving…making a difference in someone’s life.”
U.S. Locations: 2,800+
Ownership: 99% Franchise-Owned
Jimmy John’s
Stock Ticker:
NA
Moody’s Ratings:
B2
S&P Ratings:
B+
About Jimmy John’s: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s, Dunkin’ Donuts, and Baskin-Robbins.
U.S. Locations: 2,600+
Ownership: 98% Franchise-Owned
KFC
Stock Ticker:
YUM
Moody’s Ratings:
Ba2
S&P Ratings:
BB+
About KFC: It all began with the man, the myth, the legend himself. In 1930, in a humble service station in Corbin, Kentucky, 40-year-old Harland Sanders began feeding hungry travelers. Sanders spent the next nine years (now that’s dedication) perfecting his secret blend of 11 herbs and spices, as well as the basic cooking technique we still use today.
U.S. Locations: 4,260+
Ownership: 99% Franchise-Owned
Little Caesars
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Little Caesars: Headquartered in Detroit, Michigan, Little Caesars was founded by Mike and Marian Ilitch in 1959 as a single, family-owned restaurant. Today, Little Caesars is the third largest pizza chain in the world, with stores in each of the 50 U.S. states and 27 countries and territories.
U.S. Locations: 4,000+
Ownership: Company and Franchise-Owned
McDonald’s
Stock Ticker:
MCD
Moody’s Ratings:
Baa1
S&P Ratings:
BBB+
About McDonald’s: McDonald’s is the world’s leading global foodservice retailer with over 40,000 locations in over 100 countries. Approximately 95% of McDonald’s restaurants worldwide are owned and operated by independent local business owners.
U.S. Locations: 13,000+
Ownership: Corporate and Franchise-Owned
Panda Express
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Panda Express: Founded in 1983 at the Glendale Galleria in Glendale, California, Panda Express is America’s favorite Chinese restaurant. With more than 2,300 stores, 47,000 associates, and $3 billion in sales, Panda Express is the largest family-owned and operated Asian dining concept in America.
U.S. Locations: 2,300+
Ownership: Corporate
Panera Bread
Stock Ticker:
NA
Moody’s Ratings:
Baa1
S&P Ratings:
BBB+
About Panera Bread: Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. Today, Panera operates as both Panera Bread® or Saint Louis Bread Co St. Louis Bread Company in 48 states, the District of Columbia, and Canada.
U.S. Locations: 2,100+
Ownership: Franchise-Owned
Papa John’s
Stock Ticker:
PZZA
Moody’s Ratings:
Ba3
S&P Ratings:
BB-
About Papa John’s: Papa John’s International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen.
U.S. Locations: 3,140+
Ownership: Corporate and Franchise-Owned
Popeyes
Stock Ticker:
QSR
Moody’s Ratings:
NA
S&P Ratings:
BB
About Popeyes: Founded in New Orleans in 1972, POPEYES® has more than 50 years of history and culinary tradition. Popeyes distinguishes itself with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp, and other regional items.
U.S. Locations: 3,100+
Ownership: 98% Franchise-Owned
Portillo’s
Stock Ticker:
PTLO
Moody’s Ratings:
NA
S&P Ratings:
NA
About Portillo’s: In 1963, Dick Portillo invested $1,100 into a small trailer to open the first Portillo’s hot dog stand in Villa Park, IL, which he called “The Dog House.” Portillo’s is best known for its Chicago-style hot dogs, Italian beef sandwiches, char-grilled burgers, fresh salads, and famous chocolate cake.
U.S. Locations: 80+
Ownership: Company Owned
Raising Cane’s Chicken Fingers
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Raising Cane’s Chicken Fingers: Our ONE LOVE is craveable Chicken Finger meals. We use only the highest-quality ingredients with a cook-to-order system that ensures a great-tasting chicken finger meal served hot and fresh every time.
U.S. Locations: 700+
Ownership: Company and Franchise-Owned
Sonic
Stock Ticker:
NA
Moody’s Ratings:
B2
S&P Ratings:
B+
About Sonic: Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth. We aim to curate and grow a portfolio of distinct, highly-valued brands including Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s, Dunkin’ Donuts, and Baskin-Robbins.
U.S. Locations: 3,500+
Ownership: 95% Franchise-Owned
Starbucks
Stock Ticker:
SBUX
Moody’s Ratings:
Baa1
S&P Ratings:
BBB+
About Starbucks: Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 39,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world.
U.S. Locations: 16,600+
Ownership: Corporate
Subway
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Subway: As one of the world’s largest quick service restaurant brands, Subway serves freshly made-to-order sandwiches, wraps, salads, and bowls to millions of guests, across more than 100 countries and territories in nearly 37,000 restaurants every day. Subway restaurants are owned and operated by Subway franchisees.
U.S. Locations: 20,500+
Ownership: Franchise-Owned
Taco Bell
Stock Ticker:
YUM
Moody’s Ratings:
Ba2
S&P Ratings:
BB+
About Taco Bell: For more than 61 years, Taco Bell has brought innovative, craveable Mexican-inspired food to the masses. Recently recognized as one of TIME’s Most Influential Companies, one of Fast Company’s World’s Most Innovative Companies, and Nation’s Restaurant News’ Brand Icon.
U.S. Locations: 7,900+
Ownership: 94% Franchise-Owned
Wendy’s
Stock Ticker:
WEN
Moody’s Ratings:
B3
S&P Ratings:
B+
About Wendy’s: Wendy’s® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is our Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads with hand-chopped lettuce, and other signature items like chili, baked potatoes, and the Frosty® dessert.
U.S. Locations: 6,000+
Ownership: Corporate and Franchise-Owned
Whataburger
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Whataburger: Whataburger serves up Goodness 24/7. Our original recipes are made to order, just like you like it, and we pride ourselves on extraordinary hospitality and meaningful connections in our communities. That’s what’s led fans to Whataburger since Harmon Dobson served our first customer in 1950.
U.S. Locations: 1,000+
Ownership: Company and Franchise-Owned
Aaron’s
Stock Ticker:
AAN
Moody’s Ratings:
NA
S&P Ratings:
NA
About Aaron’s: Headquartered in Atlanta, The Aaron’s Company, Inc. (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron’s, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven.
U.S. Locations: 1,100+
Ownership: Corporate and Franchise-Owned
Duluth Trading
Stock Ticker:
DLTH
Moody’s Ratings:
NA
S&P Ratings:
NA
About Duluth Trading: Duluth Trading is a lifestyle brand for the Modern, Self-Reliant American. Based in Mount Horeb, Wisconsin, we offer high-quality, solution-based casual wear, workwear, and accessories for men and women who lead a hands-on lifestyle and who value a job well done. We provide our customers with an engaging and entertaining experience.
U.S. Locations: 60+
Ownership: Corporate
Mattress Firm
Stock Ticker:
NA
Moody’s Ratings:
NA
S&P Ratings:
NA
About Mattress Firm: Mattress Firm, the nation’s largest omni-channel mattress specialty retailer, has been helping solve America’s sleep problems for more than 90 years through our family of brands. Every one of our more than 6,000 passionate Sleep Experts® is driven by a common purpose: to change people’s lives through better sleep.
U.S. Locations: 2,400+
Ownership: Corporate
Sherwin-Williams
Stock Ticker:
SHW
Moody’s Ratings:
Baa2
S&P Ratings:
BBB
About Sherwin-Williams: Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial, and retail customers.
U.S. Locations: 4,300+
Ownership: Corporate
T-Mobile
Stock Ticker:
TMUS
Moody’s Ratings:
Baa2
S&P Ratings:
BBB
About T-Mobile: T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that offers reliable connectivity for all.
U.S. Locations: 6,800+
Ownership: Corporate and Franchise-Owned
Verizon
Stock Ticker:
VZ
Moody’s Ratings:
Baa1
S&P Ratings:
BBB+
About Verizon: Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work, and play, delivering on their demand for mobility, reliable network connectivity, and security. Headquartered in New York City, Verizon serves countries worldwide and nearly all of the Fortune 500.
U.S. Locations: 6,500+
Ownership: Corporate and Franchise-Owned