424-460 W Shaw Ave - Storefront FOR SALE


Clovis, CA 93612- East Fresno
$13,014,030 USD
818-823-0832
424-460 W Shaw Ave, Clovis, CA for Sale
$13,014,030 USD
Storefront - FOR SALE
1/9
null | 6.32% Cap Rate

424-460 W Shaw Ave
Clovis, CA 93612
East Fresno


HIGHLIGHTS

  • Prime Retail Location: Anchored by dd’s DISCOUNTS, Rent-A-Center, Bank of America ATM, and Habit Burger & Grill
  • Stabilized Asset: 98% leased with long-term occupancy history; priced below replacement cost
  • New Ground Lease Outparcel: New Habit Burger & Grill drive-thru on a 20-year ground lease
  • Ideal Grocer Space: Short-term lease in former Big Lots space offers future upside for investors
  • Prime Location & Access: Signalized corner with multiple access points, near CSU Fresno, SR 168, and Sierra Vista Mall
  • High-Traffic Retail Corridor & Robust Demographics: National tenants in a prime area with 367K residents and $100K+ average household income

OVERVIEW

The Ovaness-Rostamian Group is pleased to offer Shaw Village, a stabilized neighborhood shopping center located in the high-growth city of Clovis, California, just north of Fresno. The center is anchored by dd’s Discounts (Ross Dress for Less), Bank of America (ATM Drive Thru), Rent A Center and features a brand-new Habit Burger & Grill drive-thru on a 20 Year ground-leased outparcel, alongside a strong mix of daily-needs retailers. Ideally positioned at the signalized intersection of Shaw Ave. and Peach Ave. (46,607 VPD) and just off CA State Route 168 (96,152 VPD), Shaw Avenue is one of the primary east-west arterial streets serving the Fresno-Clovis Metropolitan area. Shaw Village offers excellent visibility and access within a dominant retail corridor. The property includes ±77,299 SF of GLA on ±7.59 acres and is priced well below replacement cost—at $168/SF for improvements and $39/SF for land. Two legal parcels offer future flexibility, including the potential to sell off the outparcel to reduce investment basis. Also, the former Big Lots space has short term occupancy allowing investors to realize substantial future upside by backfilling space with national tenants such as grocery or gym uses. Located near Sierra Vista Mall, California State University, Fresno (24,000+ students), and Fresno Yosemite International Airport, the site is surrounded by national retailers such as Walmart, Home Depot, Costco, Target, Starbucks, and Raising Cane’s, generating consistent foot traffic. The trade area includes over 367,000 residents within a 5-mile radius, with average household income of $100,244, offering a rare opportunity to acquire a high-performing center in one of Central California’s most active markets.

FOR SALE DETAILS

PRICE

$13,014,030 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Shopping Center: 6.32% CAP with Upside

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

5.85 AC

LAND SF

254,826 SF

ZONING

CSCN, Clovis

APN/PARCEL ID

430-500-21,430-500-42

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.