770-790 W Shaw Ave - Freestanding FOR SALE


Clovis, CA 93612- East Fresno
$17,200,000 USD
559-256-2448
770-790 W Shaw Ave, Clovis, CA for Sale
$17,200,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

770-790 W Shaw Ave
Clovis, CA 93612
East Fresno


HIGHLIGHTS

  • Willow Plaza offers investors a stabilized, grocery-anchored shopping center with a strong in-place income foundation and Iong term upside.
  • High visibility and access at the heavily traveled intersection of Shaw & Willow Avenues
  • Ample parking and multiple ingress/egress points
  • Willow Plaza is strategically positioned in Clovis, California, a high growth city in the northeast quadrant of the Fresno-Clovis Metropolitan Area.

OVERVIEW

Colliers | Fresno is pleased to exclusively offer Willow Plaza, an 81,079 SF grocery-anchored shopping center located at the signalized corner of Shaw and Willow Avenues in Clovis, California (±104,648 ADT). Offered at $17,200,000, the center is anchored by Smart & Final Extra! and Dollar Tree, complemented by a necessity-based, internet-resistant tenant mix including U.S. Army Recruiting, Cricket Wireless, and multiple food & service operators. The property is 100% occupied with a stable in-place income stream and significant mark-to-market upside as below-market leases roll, driving projected NOI growth from $921,645 in Year 1 to potentially over $1,107,981 by Year 3. Other long term reposition strategies include right sizing Dollar Tree and leasing out the remaining space at market.

FOR SALE DETAILS

PRICE

$17,200,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willow Plaza Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

420

LAND DETAILS

LAND ACRES

6.62 AC

LAND SF

288,367 SF

ZONING

C-2

APN/PARCEL ID

430-500-61

ASK ABOUT THIS PROPERTY

Zack KaufmanColliersMore Info
559-256-2448

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Zack KaufmanColliersMore Info
559-256-2448

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