Agree Realty Acquires Property for $2.9M

Agree Realty Corporation (NYSE:
ADC
) today announced it has acquired a property ground leased on a long-term basis to JPMorgan Chase Bank located on Route 12 near Spring Grove Road in Spring Grove, Illinois. The cost of the acquisition was approximately $2,900,000. Chase Bank has approximately 27 years remaining on the base term of the lease.
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