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Slide #83. Agree Realty Corporation — Harris Teeter supermarket in Charlotte, North Carolina
Agree Realty Corporation (NYSE:ADC)
Harris Teeter supermarket in Charlotte, North Carolina
Agree Realty Corporation announced that it has acquired a Harris Teeter supermarket in Charlotte, North Carolina. The 18,000 square foot store is located on the main floor of a mixed-use retail and residential building at the corner of West 6th Street and North Pine Street in downtown Charlotte. The cost of the acquisition was approximately $3,000,000.
Agree Realty is an integrated real estate investment trust primarily focused on the ownership, acquisition, development and management of retail properties net leased to tenants. Co.'s assets are held by, and all of its operations are conducted through, directly or indirectly, Agree Limited Partnership, of which Co. is the sole general partner and in which it holds a majority interest.
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Strong Buy (3.80 out of 4)
(ranked higher than approx. 76% of all stocks covered)
Based on Zacks ABR data;
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