For more retail coverage, click GlobeSt.com/RETAIL.
Paul Kerber and John Nuzman, investment specialists in Marcus& Millichap's Detroit office, have the exclusive listing tomarket the property on behalf of a locally-based investment group."This asset has been conservatively underwritten with respect torental growth and offers the investor a strong up-front return withvery high long-term cash flow," Kerber says. The sales pricerepresents about $143 per sf.
Lincor Park Shopping Center is located at 2103 S. Linden Rd.More than 600,000 sf of retail and big-box tenants are locatedwithin one-half mile of the center. Neighbors immediately adjacentto the east are Lowe's, Wal-Mart, and a Sam's Club, with a HomeDepot right across Corunna Road.
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