Lidl purchases third store site in Fredericksburg area
Lidl, a discount grocer based in Germany that is expanding in Virginia, has purchased a 6.3-acre site in Stafford County for $2.6 million. According to Coldwell Banker Commercial Elite, which brokered the sale, Lidl plans to build a grocery store on the parcel on Warrenton Road/Route U.S. 17 near the Stafford Lakes Super Walmart store.
This is the third store site purchased by Lidl in the Fredericksburg region and the second in which Coldwell Banker Commercial Elite was involved. Brian Cunningham represented the seller in the transaction while Jonathan Gardner introduced assisted in brokering and negotiating the sale.
The first site, which Lidl purchased in October last year, is located on Plank Road in Spotsylvania County. The grocer already has completed construction of that store, which is scheduled to open in 2017.
Lidl purchased the other site, also located in Spotsylvania County, in August 2015. That site is in Southpoint II across Southpoint Parkway from Lowe’s and Walmart stores.
Lidl also is also well underway with construction on a 1 million-square-foot distribution facility in Spotsylvania County. The warehouse in Spotsylvania County is estimated to cost about $125 million and at completion is expected to provide 200 jobs.
Since entering the U.S. market, Lidl has completed negotiations for about 20 store sites in Virginia. It has focused largely on sites in Northern Virginia, the Fredericksburg area, Richmond area and Hampton Roads.