Agree Realty Announces Acquisition of Tallahassee Property for $2.2M

Agree Realty Corporation ADC today announced it has acquired a retail property ground leased on a long-term basis to Kohl's Department Stores, Inc. KSS located at the intersection of Apalachee Parkway and Blair Stone Road in Tallahassee, Florida. The cost of the acquisition was approximately $2,200,000. Kohl's has approximately 17 years remaining on the base term of the lease.