Neighborhood Retail Shopping
For Sale
Contact for pricing
Pending
1215 N Willow Avenue, Clovis, CA 93619
100% occupied neighborhood retail center with dining, fitness, dental, and services along Clovis Old Town Trail.
Property Size72,065 SF
Days on Market99
Property Features for 1215 N Willow Avenue
General Information
Standard status
Pending
Size
72,065 SF
Class
B
Property subtype
Retail
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$1,493,121
Building Details
Year Built
2006
Buildings
5
Units
29
Tenancy
Multi
Listing Agency:
Visintainer Group
Listed By:
Brett Visintainer · License #CA 01792092
Source:
Crexi
Added: Jul 8
Changed: Oct 10
Last Checked: Oct 12 at 6:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Visintainer Group
Investment Insights
Based on property information with market context.
Parkway Trails Shopping Center is a 100% occupied neighborhood retail center offering 72,065 square feet of retail space with a tenant mix spanning dining, fitness, dental, and service-oriented businesses. The center includes tenants such as 13 Prime Steakhouse, Yolked Kitchen, and Steven’s Bicycle Shop, among others.
Located on the northeast corner of Willow Avenue and Nees Avenue in Clovis, the property sits directly along the Clovis Old Town Trail. The center is within 1.2 miles of Buchanan High School and Alta Sierra Middle School, and the remarks cite daily traffic generated by over 4,100 students and their families. Demographic information provided in the marketing materials lists average household income of $145,049 within 1 mile and $130,116 within 3 miles.
The shopping center is described as having below-market rents, with month-to-month tenants and tenants expiring in 2026 with no options representing 53% of the square footage. The center also features staggered lease expirations, and the remarks note that 46% of the square footage and 49% of the rent have been in place for over 10 years.
Located on the northeast corner of Willow Avenue and Nees Avenue in Clovis, the property sits directly along the Clovis Old Town Trail. The center is within 1.2 miles of Buchanan High School and Alta Sierra Middle School, and the remarks cite daily traffic generated by over 4,100 students and their families. Demographic information provided in the marketing materials lists average household income of $145,049 within 1 mile and $130,116 within 3 miles.
The shopping center is described as having below-market rents, with month-to-month tenants and tenants expiring in 2026 with no options representing 53% of the square footage. The center also features staggered lease expirations, and the remarks note that 46% of the square footage and 49% of the rent have been in place for over 10 years.
Key Highlights
- 72,065 SF neighborhood retail center built in 2006, 100% occupied
- Located at the northeast corner of Willow Avenue and Nees Avenue in Clovis, CA
- Directly along the Clovis Old Town Trail, supporting consistent pedestrian and bicycle traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,091,569
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,831,380
$21.8M
Cap Rate 7%
$15,593,843
$15.6M
Cap Rate 9%
$12,128,544
$12.1M
Market Conditions
NOI Build-Up for 72,065 SF
Gross rent
$1.56M $21.60/SF
− Vacancy
−$101.2K −$1.40/SF
EGI
$1.46M $20.20/SF
− OpEx
−$363.9K −$5.05/SF
NOI
$1.09M $15.15/SF
Area
Clovis, CA
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,831,380
Cap Rate 7%
$15,593,843
Cap Rate 9%
$12,128,544
Alternative Uses
Best Use
Specialty Retail
$15.59M
$13.64M – $18.19M
NOI $1,091,569 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$14.00M
$12.25M – $16.33M
NOI $979,904 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$18.16M
$15.89M – $21.18M
NOI $1,270,881 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
329k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 26%
Shops & Services 25%
Trader Joe's
Groceries
48,375 visits/mo
0.2 miles
McDonald's
Dining
46,420 visits/mo
0.1 miles
Save Mart
Groceries
38,252 visits/mo
0.1 miles
ARCO
Shops & Services
29,895 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
23,269 visits/mo
0.4 miles
Demographics for 93619, CA
50,032
Population
17,019
Households
2.9
Avg Household Size
37
Median Age
47%
College-Educated
96%
High-School Grad
186.5 sq mi
ZIP Area
268
Density / Sq Mi
$138,648
Median Household Income
$70,878
Median Earnings
$2,404
Median Rent
$579,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - 100% occupied neighborhood retail center with dining, fitness, dental, and services along Clovis Old Town Trail.
Where is this shopping center located?
The property is located at 1215 N Willow Avenue Clovis, CA.
What is the asking price?
The asking price for this property is $20,600,000.
What are key features of this property?
This property features: 72,065 SF neighborhood retail center built in 2006, 100% occupied; Located at the northeast corner of Willow Avenue and Nees Avenue in Clovis, CA; Directly along the Clovis Old Town Trail, supporting consistent pedestrian and bicycle traffic
