Willow Plaza Shopping Center
Willow Plaza Shopping Center, an 81,079 SF grocery-anchored retail strip in Clovis, California, is offered at $17,200,000 with $988,599 NOI. The fully occupied center sits at the signalized intersection of Shaw and Willow Avenues, commanding approximately 104,648 vehicles per day, and is anchored by Smart & Final Extra! and Dollar Tree alongside necessity-based and internet-resistant tenants including U.S. Army Recruiting, Cricket Wireless, and food and service operators.
The property is positioned in the rapidly growing Clovis submarket near Highway 168 and minutes from California State University, Fresno. Strong demographic trends support the market, with substantial population growth and rising household incomes across the trade area. The center benefits from below-market leases and significant upside potential through tenant rollover opportunities between 2026 and 2028, including the ability to recapture and re-lease a portion of Dollar Tree's space at higher market rates while retaining the anchor tenant. Both Smart & Final Extra! and Dollar Tree demonstrate strong Placer.ai rankings, reflecting solid tenant performance and customer traffic.
- Grocery-anchored, fully occupied multi-tenant center
- 104,648 daily vehicles at signalized Shaw/Willow intersection
- Below-market leases with tenant rollover upside 2026–2028
- Anchored by Smart & Final Extra! and Dollar Tree
- Near Highway 168 and CSU Fresno in high-growth Clovis submarket
Location
Willow Plaza is an 81,079-square-foot, grocery-anchored retail center located at the signalized intersection of Shaw and Willow Avenues in Clovis, California, benefiting from traffic counts of approximately 104,648 vehicles per day. Offered at $17,200,000, the property is fully occupied and anchored by Smart & Final Extra! and Dollar Tree, alongside a diverse mix of necessity-based and internet-resistant tenants, including U.S. Army Recruiting, Cricket Wireless, and several food and service operators. The center provides investors with a stable income stream and significant long-term upside through below-market leases, upcoming tenant rollover opportunities between 2026 and 2028, and the potential to recapture and re-lease a portion of Dollar Tree's space at higher market rates while retaining the anchor tenant. Strategically positioned in the rapidly growing Clovis submarket near Highway 168 and minutes from California State University, Fresno, the property benefits from strong demographic trends, including substantial population growth and rising household incomes. With excellent tenant performance, highlighted by strong Placer.ai rankings for both Smart & Final Extra! and Dollar Tree, Willow Plaza represents a compelling investment opportunity in one of Central California's most desirable retail markets.