Wegmans

The Wegmans grocery store chain tends to be a growing asset in the U.S., given that thousands of people have been inquiring about new locations over the past couple years. Even more have been writing their corporate offices to express satisfaction about their customer experiences.

Wegmans

This bodes well for net lease opportunities, considering they are rare opportunities in the supermarket vertical. Typically, building sizes will span from 130k to 160k sq. ft., often with twenty five year lease terms with complementary options to renew.

Tenant Description

Considered to be one of the biggest privately-held corporations in the United States with sales revenues approaching $7.9 billion per year, Wegmans originated in Rochester NY back in 1916 and has been growing ever since. Owned and operated through family, their grocery store chain encompasses much of the Eastern seaboard. With roughly 89 locations between NY, PA, NJ, VA, MD, and MA, they employ over forty six thousand people who actually enjoy working for them.

This is likely because they set a high quality standard for both products offered, a unique atmosphere, and warm, welcoming customer service experience. They incorporate old world Europe into their designs, complete with cafés and diners that accentuate the hospitality Wegmans strives to offer.

With many accolades under their belt from industry publications, as well as national magazines like Fortune and Forbes, they are known as one of the greatest supermarket employers and one of the top rated in pure sales volume.