Lidl
German discount grocer (US entry 2017) with ~200 East Coast stores and slower, selective growth after an early overbuild. US leases are not publicly rated; diligence the guarantor entity and store sales.
- US units
- 202
- Sep 2026 (approx.)
- 3Y net growth
- +18.8%
- vs. 2022 (approx.)
- Credit rating
- NR
- No public rating
- Typical term
- 15-20 yr
- NNN
- Model
- Corporate
- Subsidiary of Schwarz Group
Unit count
Lidl in the news
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Lidl net lease FAQ
What is Lidl's credit rating?
Lidl does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many Lidl locations are there in the US?
Lidl reported about 202 US locations as of Sep 2026 (approx.). That is +18.8% versus 170 in 2022 (approx.).
What does a typical Lidl net lease look like?
Lease type: NNN. Initial term: 15-20 yr. Rent increases: ~10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Lidl corporate or franchised?
Operating model: Corporate. Lidl is part of Schwarz Group. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.