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 USAAServices 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-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.