GoKawiilVanguard-Linked REIT Quietly Owns Faceless Virginia 7-Eleven
A 7-Eleven store on a stroad in Williamsburg, Virginia, sits on land owned not by the chain or an individual but by Agree Realty Corporation, a real estate investment trust with nearly 3,000 retail properties nationwide. Agree Realty is roughly one-eighth owned by Vanguard, whose index funds are held by tens of millions of everyday investors through 401(k)s and similar accounts. That means many ordinary savers, without realizing it, hold a small stake in this unremarkable convenience store.