FARMINGTON HILLS, MI-Locally-based Agree Realty Corp. has acquired two single tenant properties in Ohio and Chicago leased to Sam's Club and AutoZone respectively for a total purchase price of $22.4 million.

The acquisitions involve the recently renovated 147,771-square-foot Sam's Club store in Brooklyn, OH, which is located adjacent to a Walmart Supercenter that was expanded to the Supercenter format in 2013. Sam's Club is an affiliate of Walmart. The Autozone property totals 7,740 square feet on South Kedzie Road in Chicago. The seller of both properties were not identified in the press announcement released by Agree Realty.

”We are extremely pleased to announce these two high-quality additions to our portfolio. With the acquisition of this Sam's Club, Walmart has now become the fourth largest tenant in our portfolio by rental revenue,” said Joey Agree, president and CEO of Agree Realty. "Our acquisition team continues to source value-add, accretive opportunities leased to industry leading tenants."