FARMINGTON HILLS, MICH.—Agree Realty Corporation, based in Farmington Hill, Mich., has acquired an auto service store in Fort Mill, S.C., currently leased to Goodyear Tire & Rubber Company. The store is an out-lot to a Harris Teeter-anchored shopping center located at South Carolina Highway 160 and State Highway 22.
The cost of the acquisition was approximately $2.4 million.
“This acquisition complements our existing automotive service assets and continues our diversification strategy among industry leading net lease retailers,” said Joey Agree, president and chief operating officer, Agree Realty.
Agree Realty currently owns and operates a portfolio of 92 properties, located in 25 states and containing approximately 3.4 million sq. ft. of gross leasable space.
