lindley (1)

Business Insider

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

RSS feed of this blog

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.