Agree Realty Acquires Lowe's Property for $9.9M

Agree Realty Corporation ADC today announced it has acquired a property ground leased on a long-term basis to Lowe's. The 14.4 acre parcel is located at the intersection of Concord Mills Boulevard and Derita Road in Concord, North Carolina and contains a prototypical Lowe's Home Improvement store. The cost of the acquisition was approximately $9,900,000.