Parkway Trails Shopping Center
Retail | 7.25% CAP | 72,065 SqFt
Marketing description
Parkway Trails Shopping Center is a 100% occupied, 72,065 square foot neighborhood retail center located at the northeast corner of Willow Avenue and Nees Avenue in Clovis, California. The center features a strong mix of dining, fitness, dental, and service-oriented tenants that drive consistent daily traffic and cross-shopping synergy throughout the project. Upscale dining concepts including 13 Prime Steakhouse and Yolked Kitchen cater to the area's affluent demographic, while Steven's Bicycle Shop benefits from direct access to the Clovis Old Town Trail.
The property is ideally positioned within one of the most desirable areas of the Fresno/Clovis market, benefiting from affluent demographics with an average household income of $145,049 within 1 mile and $130,116 within 3 miles. Located within 1.2 miles of Buchanan High School and Alta Sierra Middle School, the center captures daily traffic from over 4,100 students and their families. The property is situated directly along the Clovis Old Town Trail, generating consistent pedestrian and bicycle traffic connecting surrounding neighborhoods with Old Town Clovis.
With below-market rents across the center, the property offers investors meaningful upside for current month-to-month tenants and tenants expiring in 2026 with no options, representing 53% of the square footage. The center benefits from staggered lease expirations, reducing vacancy exposure and providing stable, predictable cash flow. Additionally, 46% of the square footage and 49% of rent have been at the center for over 10 years, demonstrating long-term historical occupancy.
Call for Offers Wednesday, August 5, 2026
Investment highlights
- The center features a strong mix of dining, fitness, dental, and service-oriented tenants that drive consistent daily traffic and cross-shopping synergy throughout the project. Upscale dining concepts including 13 Prime Steakhouse and Yolked Kitchen cater to the area's affluent demographic, while Steven's Bicycle Shop benefits from direct access to the Clovis Old Town Trail.
- Below market rent across the center offers investors meaningful upside for current MTM tenants and tenants expiring in 26 with no options (53% of the SF).
- No vacancy on the current intersection and minimal spaces for lease in the trade area.
- 19 of the 29 suites (66%) are below 2,500 SF, creating greater leasing flexibility and typically allowing for faster absorption and easier backfilling of vacant space.
- 46% of the SF and 49% of Rent have been at the center for over 10 years
- Limits owner's vacancy exposure by preventing multiple tenants from rolling at the same time, reducing risk of large income disruptions and providing more stable, predictable cash flow.
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