FARMINGTON HILLS, MICH.—Agree Realty Corporation, based in Farmington Hills, Mich., has acquired three properties in three states for a total of approximately $5.25 million. The acquisitions include a Family Dollar store in Spartanburg, S.C.; a USAA Financial Services Center in Jacksonville, N.C. and an AutoZone store in Springfield, Ill.
Agree Realty Corporation was represented by Jesse Long, Birchin Lane Realty Advisors on the Family Dollar transaction; Jay Levell, Berkeley Capital Advisors on the USAA Financial Services Center transaction; and Kyle Stonis, Real Estate Partners on the AutoZone transaction.
"We are extremely pleased to add these high-quality assets to our growing portfolio," said Joey Agree, president and chief operating officer. "Both Family Dollar and USAA are welcomed additions to our roster of investment-grade tenants."
Agree Realty currently owns and operates a portfolio of 96 properties, located in 25 states and containing approximately 3.1 million sq. ft. of gross leasable space.