Willow Plaza Shopping Center
Retail | 81,079 SqFt
Marketing description
QUALITY RETAIL ASSET WITH LONG-TERM UPSIDE UPSIDE OPPORTUNITIES
Willow Plaza offers investors a stabilized, grocery-anchored shopping center with a strong in-place income foundation and Iong term upside. The combination of below-market leases, near-term shop space rollover, and a high-growth Clovis submarket creates a compelling risk-adjusted return profile unavailable in most stabilized retail offerings.
UPSIDE OPPORTUNITIES
This property presents a buyer with several paths to grow NOI beyond in-place projections. A potential value-add scenario exists to recapture a portion of Dollar Tree’s space and re-lease it at a market rate (substantially higher than Dollar Tree’s current in-place rent) while retaining the anchor
tenancy. Additionally, near-term shop space lease rollovers in 2026–2028 provide a buyer the opportunity to renew or re-lease at current market rates.
LOCATION
Willow Plaza is strategically positioned in Clovis, California, a high-growth city in the northeast quadrant of the Fresno-Clovis Metropolitan Area. The property sits just off Highway 168, a primary east-west corridor connecting Clovis to the broader Fresno metro and is minutes from California State University, Fresno. Clovis has experienced exceptional demographic momentum, with its population growing nearly 30% over the past 15 years to 125,413 residents and household income surging 55% over two decades to an average of $128,982 — both trends projected to continue. Known for its western heritage, top-rated schools, and master-planned growth, Clovis is one of the most desirable communities in Central California and represents a strong long-term foundation for
retail performance.
PLACER.AI RANKINGS
Smart & Final Extra – Nationwide: 63rd percentile
Dollar Tree – Nationwide: 80th percentile
Investment highlights
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
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