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Bill Freehling is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Bill Freehling.

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Wegmans property on the market

The property that holds the popular Wegmans grocery store in Fredericksburg’s Celebrate Virginia South development is for sale.

A family trust of the late Carl D. Silver owns the 16.5-acre property, which Wegmans leased for 25 years starting in 2009.

The property is on the market for $25 million through the Northern Virginia-based Calkain Cos. brokerage firm. The property has a cap rate of 4.25 percent, according to the listing.

A sale of the property would not affect the store or its operations. It would simply mean Wegmans would be leasing the property from a different owner who would receive the income from the lease.

According to the listing, the Wegmans store in Fredericksburg is one of the grocer’s top revenue producers company-wide.

Permalink: http://news.fredericksburg.com/businessbrowser/2013/01/28/wegmans-property-on-the-market/

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