Agree Realty recently closed two acquisitions for $12.5M Agree Realty announced that it has recently closed on two acquisitions with an aggregate purchase price of approximately $12.5M, including an Academy Sports + Outdoors in McKinney, Texas and a Michaels store in Wausau, Wisconsin.
Agree Realty acquires 22 retail net lease properties for $19.5M Agree Realty announced that it has acquired 22 retail net lease properties for an aggregate purchase price of approximately $19.5M. The properties, acquired in three separate transactions, include a 14 property AutoZone portfolio, a seven property Sonic restaurant portfolio and a Dollar General Market. The transactions were completed at a weighted-average cap rate of 8.02% and with a weighted-average remaining lease term of approximately 15.1 years. Including previously announced transactions, total acquisition volume to date for the fourth quarter is $34.8M.