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Wegmans
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  Wegmans


Average Property & Lease

Average Sale Price$27,000,000
CAP Rate (12mo avg with 10+ lease term)N/A
NOIN/A
$/Square Foot$205
Building Size130,000 - 160,000 sf
Lot Size10 - 20 acres
Lease Term25 Years
EscalationsVaries
CREDIT RATING
BBB+
S&P
N/A
Moody's
view credit rating chart
View Net Lease Property Listings at CALKAIN.COM Last Updated: September 26, 2016
Net Lease Advisor Overview

In 2015, more than 4,000 people contacted Wegmans asking for a store in their community. Another 7,300 wrote to say how much they like shopping at Wegmans or appreciate the way Wegmans employees treat them.

Wegmans rarely come to market and is a high demand net lease investment due to their popular concept. Wegmans are larger than most supermarkets and their Stores run 130,000 to 160,000 square feet in size. They usually have a long-term lease of 25 years with options.

Pros

Cons

  • Absolute NNN leases
  • Strong real estate fundamentals
  • Corporate guarantee
  • Private company
  • Low comparable data
Tenant Description

Wegmans is a family-owned company, founded in 1916, headquartered in Rochester, NY and is a regional supermarket chain with 89 stores: 46 in New York, 17 in Pennsylvania, seven in New Jersey, eight in Virginia, seven in Maryland, and four in Massachusetts. It is one of the largest private companies in the U.S with over 46,000 employees and annual sales in 2015 of $7.9 billion.

Wegmans raises the bar on the shopping experience: the best quality; a spectacular abundance of choice; restaurant-quality prepared foods; beautiful stores and displays; and a nearly telepathic level of customer service. Wegmans has the look and feel of a European open-air market along with a Market Cafe that offers take-out and in-store dining.

Wegmans ranked #4 on FORTUNE magazine's 2016 list of the 100 Best Companies to Work For and has been on the list every year since it first ran in 1998, and in 2005, ranked #1. They also ranked #5 on FORBES magazine's 2016 list of America's Best Employers. Wegmans is 33rd on the 2015 Supermarket News list of the Top 75 Supermarkets based on sales volume.
WEGMANS TREND
CAP Rate

2015 avg: N/A

RECENT SALES

Sterling, VA

$27,000,000

MORE INFO
www.wegmans.com