Agree Realty Announces $6,400,000 In Acquisitions

              Agree Realty Announces $6,400,000 In Acquisitions

PR Newswire

FARMINGTON HILLS, Mich., March 4, 2013

FARMINGTON HILLS, Mich., March 4, 2013 /PRNewswire/ --Agree Realty
Corporation (NYSE: ADC) today announced that it has acquired three single
tenant assets leased to industry leading retailers. The acquisitions include
a Dollar General Market in Statham, Georgia, an AutoZone in North Las Vegas,
Nevada and a Family Dollar in Memphis, Tennessee. Dollar General Market
occupies 20,707 square feet, AutoZone occupies 6,000 square feet and Family
Dollar occupies 8,320 square feet. The aggregate cost of the acquisitions was
approximately $6,400,000. All three retailers carry an investment grade
rating. The weighted average lease term remaining for the three tenants is
approximately 13 years.

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 113 properties, located in 30
states and containing approximately 3.3 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".

For additional information, visit the Company's home page at

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.

SOURCE Agree Realty Corporation

Contact: Alan Maximiuk, Chief Financial Officer, +1-248-737-4190
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