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FARMINGTON HILLS, MICH. — Michigan-based Agree Realty has purchased four Applebee’s restaurants and an Advance Auto Parts for a total cost of approximately $10.1 million. The recently acquired Applebee's assets are located in Harlingen and Wichita Falls Texas, as well as two properties in Pensacola, Fla. The Advance Auto Parts is located in Lebanon, Va. Each of the restaurants has a new 20-year lease providing for fixed annual rental increases. Agree Realty specializes in single tenant net lease retail properties throughout the U.S.