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AGREE REALTY TAKES RETAIL PROPERTY FOR $2.2 MILLION IN FLORIDA

TALLAHASSEE, FLA. — Agree Realty Corp. has purchased a retail property, which is ground leased to Kohl's Department Stores, in Tallahassee. Located at the intersection of Apalachee Parkway and Blair Stone Road, the property sold for approximately $2.2 million. Kohl's has approximately 17 years remaining on the base term of the lease. The seller was not released.

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