Agree Realty Acquires Illinois CVS Location

Agree Realty Corporation ADC today announced it has acquired a retail property net leased to CVS Caremark Corporation CVS located at the intersection of West Algonquin Road and Lakewood Road in Lake in the Hills, Illinois. The cost of the acquisition was approximately $5,800,000. CVS has approximately 24 years remaining on the base term of the lease. “We remain committed to diversifying our portfolio of net leased retail assets and this acquisition continues to help achieve that strategy,” said Joey Agree, President and Chief Operating Officer of Agree Realty Corporation. Analyze Any Stock FREE! Click Here.