Agree Realty Announces Harris Teeter Acquisition

               Agree Realty Announces Harris Teeter Acquisition

PR Newswire

FARMINGTON HILLS, Mich., Nov. 5, 2012

FARMINGTON HILLS, Mich., Nov. 5, 2012 /PRNewswire/ --Agree Realty Corporation
(NYSE: ADC) today 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 6^th Street and North Pine Street in downtown Charlotte. The cost of the
acquisition was approximately $3,000,000.

"We are pleased to add Harris Teeter to our growing roster of industry leading
tenants," said Joey Agree, President and Chief Operating Officer. "This
acquisition of one of the region's leading grocers adds a unique piece of
uptown Charlotte real estate to our portfolio."

Agree Realty is primarily engaged in the acquisition and development of single
tenant properties net leased to industry leading retail tenants. The Company
currently owns and operates a portfolio of 98 properties, located in 25 states
and containing approximately 3.1 million square feet of gross leasable space.
The common stock of Agree Realty Corporation is listed on the New York Stock
Exchange under the symbol "ADC".

The Company considers portions of the information contained in this release to
be forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934,
each as amended. These forward-looking statements represent the Company's
expectations, plans and beliefs concerning future events. Although these
forward-looking statements are based on good faith beliefs, reasonable
assumptions and the Company's best judgment reflecting current information,
certain factors could cause actual results to differ materially from such
forward–looking statements. Such factors are detailed from time to time in
reports filed or furnished by the Company with the Securities and Exchange
Commission, including the Company's Form 10-K for the year ended December 31,
2011. Except as required by law, the Company assumes no obligation to update
these forward–looking statements, even if new information becomes available in
the future.

For additional information, visit the Company's home page at
www.agreerealty.com.

SOURCE Agree Realty Corporation

Website: http://www.agreerealty.com
Contact: Alan Maximiuk, Chief Financial Officer, +1-248-737-4190