Grocery-Anchored Retail Shopping
720 W Shaw Ave Clovis, CA 93612
For Sale
Contact for pricing
Willow Plaza is an 81,079 SF grocery-anchored shopping center anchored by Smart & Final Extra! and Dollar Tree.
Property Size81,079 SF
Price / SF$212.14
Days on Market63
Property Features for 720 W Shaw Ave
General Information
Standard status
Active
Size
81,079 SF
Property subtype
RETAIL
Listing Agency:
Colliers | Fresno
(559) 256-2448
Listed By:
Brandon Takemoto · License #01902869
(559) 862-3229
Source:
Moodyscre
Added: May 28
Changed: Jul 28
Last Checked: Jul 28 at 4:13PM
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 Colliers | Fresno
Investment Insights
Based on property information with market context.
Willow Plaza is an 81,079 SF grocery-anchored shopping center offered for sale. The property is 100% occupied and is anchored by Smart & Final Extra! and Dollar Tree, with a necessity-based tenant mix that includes U.S. Army Recruiting, Cricket Wireless, and multiple food and service operators.
The center is located at the signalized corner of Shaw and Willow Avenues in Clovis, California, with high visibility and access at a heavily traveled intersection. Willow Plaza offers ample parking and multiple ingress/egress points.
The property sits just off Highway 168, an east-west corridor connecting Clovis to the broader Fresno metro, and is minutes from California State University, Fresno.
The center is located at the signalized corner of Shaw and Willow Avenues in Clovis, California, with high visibility and access at a heavily traveled intersection. Willow Plaza offers ample parking and multiple ingress/egress points.
The property sits just off Highway 168, an east-west corridor connecting Clovis to the broader Fresno metro, and is minutes from California State University, Fresno.
Key Highlights
- 81,079 SF grocery‑anchored shopping center in Clovis, CA
- Anchored by Smart & Final Extra! and Dollar Tree
- 100% occupied with tenants including U.S. Army Recruiting and Cricket Wireless
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.70M | $21.00 |
| − Vacancy | −$127.7k | −$1.58 |
| EGI | $1.57M | $19.43 |
| − OpEx | −$472.5k | −$5.83 |
| NOI | $1.10M | $13.60 |
81,079 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$15.75M
$13.78M – $18.37M
NOI $1,102,472 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.43M
$17.87M – $23.83M
NOI $1,429,844 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Shaw Village — 498 W Shaw Ave, Clovis, CA 93612
- Shaw Peach Village Shopping Ct — 430 W Shaw Ave, Clovis, CA 93612
- Coinstar Kiosk | Bitcoin ATM — 790 W Shaw Ave, Clovis, CA 93612
- Coin Cloud Bitcoin ATM — 2774 Willow Ave, Clovis, CA 93612
- Walmart center — Unnamed Road, Clovis, CA 93612
Frequently Asked Questions
What type of property is this?
Shopping center - Willow Plaza is an 81,079 SF grocery-anchored shopping center anchored by Smart & Final Extra! and Dollar Tree.
Where is this shopping center located?
The property is located at 720 W Shaw Ave Clovis, CA.
What is the asking price?
The asking price for this property is $17,200,000.
What are key features of this property?
This property features: 81,079 SF grocery‑anchored shopping center in Clovis, CA; Anchored by Smart & Final Extra! and Dollar Tree; 100% occupied with tenants including U.S. Army Recruiting and Cricket Wireless
