Twenty years after its initial public offering (IPO), Agree Realty Corp. (NYSE: ADC) is concentrating on deploying capital into the net lease industry across a range of Web-resistant retail sectors.
The REIT has assets in 34 states, and it is actively acquiring and developing more across the country. Agree Realty’s current roster of net lease tenants includes CVS, Rite Aid, Walgreens, Wawa, Kmart, Kohl’s, McDonald’s and Applebee’s.