Ollie’s & Mohr Partners: Delivering Value and Enhanced Lease Administration

Ollie’s Bargain Outlet Inc. (OBO) is the largest U.S. retailer of closeout merchandise and excess inventory, offering discounted products across food, technology, toys, flooring, housewares, and more.

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In 2023, Ollie’s lease administration operations were disrupted when its lease administrator departed, leaving over 5,000 emails unattended. This backlog impacted lease reconciliations, legal documentation, and vendor communications creating risks of delayed reporting, incomplete records, and compliance gaps.

To restore order and strengthen operations, Ollie’s engaged Mohr Partners. Our team:

Email Processing: Cleared more than 5,000 backlogged emails to update lease records and manage invoices.
CAM Audits: Conducted detailed CAM audits across past and current lease periods, identifying and correcting discrepancies.
Lease Re-abstraction: Re-abstracted leases for 650+ stores, capturing missing clauses, renewals, amendments, and compliance details.
Invoice & Statement Review: Verified landlord invoices and statements, addressed discrepancies, and worked with landlords to waive incorrect late fees.

Mohr Partners stabilized Ollie’s lease administration portfolio and delivered measurable value:

Provided accurate, up-to-date lease records across hundreds of locations.
Supported the acquisition of 50 leases from other big box discount retailers in 2024.
Delivered $437,840 in savings across CAM audits and other financial corrections ($434,856 from CAM audits, $2,984 from other financial corrections).
Enabled Ollie’s to streamline financial reporting, strengthen compliance, and make faster, more confident portfolio decisions.

Ready for accurate, compliant and efficient lease administration?

Book a consultation, our teams will show you a clear path forward.

Ollie’s & Mohr Partners: Delivering Value and Enhanced Lease Administration

Ready for accurate, compliant and efficient lease administration?

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