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."
Agree Realty, a self-administered and self-managed REIT focused on the development and acquisition of single tenant net lease retail properties, currently owns and operates a portfolio of 120 properties, located in 32 states containing approximately 3.5 million square feet of gross leasable space.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
