Grocery-Anchored Retail Shopping
For Sale
Contact for pricing
720 W Shaw Ave, Clovis, CA 93612
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 Market154
Property Features for 720 W Shaw Ave
General Information
Standard status
Active
Size
81,079 SF
Property subtype
RETAIL
Occupancy
100%
Site & Location
Traffic Count
104,648 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Colliers | Fresno
(559) 221-1271
Listed By:
Zack Kaufman · License #01902869
(559) 256-2448
Source:
Moodyscre
Added: May 28
Changed: Oct 26
Last Checked: Oct 26 at 7:08PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$1,102,472
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,049,440
$22.0M
Cap Rate 7%
$15,749,600
$15.7M
Cap Rate 9%
$12,249,689
$12.2M
Market Conditions
NOI Build-Up for 81,079 SF
Gross rent
$1.70M $21.00/SF
− Vacancy
−$127.7K −$1.58/SF
EGI
$1.57M $19.43/SF
− OpEx
−$472.5K −$5.83/SF
NOI
$1.10M $13.60/SF
Area
Clovis, CA
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,049,440
Cap Rate 7%
$15,749,600
Cap Rate 9%
$12,249,689
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.
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Property Analytics
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Current Use
Lease Details
104,648 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
356k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 26%
Home Improvements & Furnishings 17%
Groceries 9%
The Home Depot
Home Improvements & Furnishings
60,178 visits/mo
0.2 miles
McDonald's
Dining
38,681 visits/mo
0.5 miles
Smart & Final
Groceries
32,415 visits/mo
0.1 miles
Jack in the Box
Dining
27,376 visits/mo
0.5 miles
dd's DISCOUNTS
Shops & Services
27,238 visits/mo
0.5 miles
Demographics for 93612, CA
37,368
Population
14,362
Households
2.6
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
5,577
Density / Sq Mi
$64,079
Median Household Income
$40,460
Median Earnings
$1,410
Median Rent
$311,700
Median Home Value
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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 - 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
