Wegmans
Baskersfield, CA
Wegmans Food Markets, Inc. is a privately held American regional supermarket chain headquartered in Gates, New York, near Rochester. Wegmans has 95 stores in the mid-Atlantic and New England regions, in New York, Pennsylvania, New Jersey, Maryland, Massachusetts, and Virginia. Founded in 1916 in Rochester, Wegmans has appeared on Fortune’s annual “100 Best Companies to Work For” list since the list first appeared in 1998, and has ranked among the top 10 for eight consecutive years. In 2017, the company celebrated 20 years on the list, and has been ranked No. 2, behind Google.
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S&P Outlook: Stable
Moody Outlook: N/R
Positives:
- Public Company, Credit Rated
- NNN lease eliminates landlord responsibilities
- Typically Long term leases with increases
Negatives:
- Large spaces make it more challenging to re-tenant
- Currently a private company
- Competitive Industry Sector
Market Snapshots:
On Market Ranges:
# of Properties in set: N/AV
Price: N/AV - N/AVAverage: N/AV
PPSF: N/AV - N/AVAverage: N/AV
Year Built: N/AV - N/AVAverage: N/AV
CAP Rate Range: N/AV - N/AVAverage: N/AV
Size range: N/AV - N/AV Average: N/AV
Last 12 Month Range:
# of Properties in set: 1
Price: $29,776,574 - $29,776,574Average: $29,776,574
PPSF: $235 - $235Average: $235
Year Built: 2007 - 2007Average: 2007
CAP Rate Range: N/AV - N/AVAverage: N/AV
Size range: 126,240 sq ft - 126,240 sq ft Average: 126,240 sq ft
Wegmans Similar Tenants
Wegmans Company Profile
Headquarters Information
Rochester, New York
Founded in 1916
Company type: Private
Sector: Services
Industry: Grocery
# of Employees: 58,000