AGREE REALTY CORP. ACQUIRES RETAIL PROPERTY FOR $2.9 MILLION IN ILLINOIS
SPRING GROVE, ILL. — Agree Realty Corp. has acquired a retail property, which is ground leased on a long-term basis to JPMorgan Chase Bank. The property is located on Route 12 near Spring Grove Road in Spring Grove. Agree purchased the building for $2.9 million from an undisclosed seller. Chase Bank has approximately 27 years remaining on the base term of the lease.