CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Real Estate Investments
Land	$ 162,096,646	$ 134,740,784
Buildings	297,464,585	240,204,708
Less accumulated depreciation	(60,633,824)	(58,508,881)
Property, Plant and Equipment, Net	398,927,407	316,436,611
Property under development	6,959,174	18,980,779
Property held for sale	4,845,504	4,537,752
Net Real Estate Investments	410,732,085	339,955,142
Cash and Cash Equivalents	14,536,881	1,270,027
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at December 31, 2013 and 2012, respectively	3,262,768	2,160,055
Unamortized Deferred Expenses
Financing costs, net of accumulated amortization of $7,009,538 and $6,273,113 at December 31, 2013 and 2012, respectively	2,526,768	2,864,314
Leasing costs, net of accumulated amortization of $1,425,186 and $1,312,085 at December 31, 2013 and 2012, respectively	758,037	687,828
Lease intangibles, net of accumulated amortization of $3,228,506 and $1,594,815 at December 31, 2013 and 2012, respectively	27,705,499	21,342,122
Other Assets	3,219,505	1,813,344
Total Assets	462,741,543	370,092,832
Notes Payable:
Mortgages Notes Payable	113,897,759	117,376,142
Unsecured Revolving Credit Facility	9,500,000	43,530,005
Unsecured Term Loan	35,000,000	0
Total Notes Payable	158,397,759	160,906,147
Dividends and Distributions Payable	6,243,933	4,710,446
Deferred Revenue	1,467,403	1,930,783
Accrued Interest Payable	470,862	335,416
Accounts Payable and Accrued Expense
Capital expenditures	144,074	122,080
Operating	2,851,612	2,015,367
Interest Rate Swap	204,696	1,337,998
Deferred Income Taxes	705,000	705,000
Tenant Deposits	40,647	64,461
Total Liabilities	170,525,986	172,127,698
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Common stock, $.0001 par value, 28,000,000 and 15,850,000 shares authorized, 14,883,314 and 11,436,044 shares issued and outstanding, respectively	1,488	1,144
Excess stock, $.0001 par value, 8,000,000 and 4,000,000 shares authorized, 0 shares issued and outstanding, respectively	0	0
Preferred Stock Value
Additional paid-in-capital	312,974,162	217,768,918
Deficit	(23,879,151)	(21,166,509)
Accumulated other comprehensive income (loss)	471,717	(1,294,267)
Total Stockholders' Equity - Agree Realty Corporation	289,568,216	195,309,286
Non-controlling interest	2,647,341	2,655,848
Total Stockholders' Equity	292,215,557	197,965,134
Total Liabilities and Stockholders' Equity	462,741,543	370,092,832
Series A Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock Value	$ 0	$ 0