Shopping Neighborhood
Shaw Village
428 W Shaw Ave, Clovis, CA 93612
Listing Price: $13,014,030
Investment Overview
Marcus & Millichap 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 Vehicles Per Day) and just off CA State Route 168 (96,152 Vehicles Per Day), Shaw Village offers excellent visibility and access within a dominant retail corridor.
The property includes ±77,299 square feet of GLA on ±7.59 acres and is priced well below replacement cost—at $168 per square foot for improvements and $39 per square foot 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.
Investment Highlights
- Stabilized Asset: 98 Percent Leased With a Strong History of Long-Term Occupancy; Offered Below Replacement Cost
- New Ground Lease Outparcel: Brand-New Habit Burger & Grill Drive-Thru on a 20 Year Ground Lease
- Ideal Grocer Space: Short Term Lease in Former Big Lots Space Allows Investors Substantial Future Upside
- Prime Retail Location: Anchored by Investment-Grade Tenants Including dd's DISCOUNTS (Ross Dress for Less – NASDAQ: ROST | Moody's Rated A2), Rent-A-Center (Upbound Group, Inc. NASDAQ: UPBD | Bank of America (ATM Drive Thru) – NASDAQ: BAC | Moody's Rated Aa2 and Coming Soon Habit Burger & Grill (Yum! Brands – NASDAQ: YUM | Moody's Rated Ba3)
- Excellent Visibility & Access: Located at a Signalized Hard Corner With Multiple Ingress/Egress Points and Exceptional Street Exposure
- Strategic Proximity: Near California State University, Fresno (25,341 Students), State Route 168 (96,152 Vehicles Per Day), and Sierra Vista Mall (700,000 Square Feet Retail Center)
- High-Traffic Retail Corridor: Strong National and Credit Tenant Synergy Within a Prominent Commercial Area
- Robust Demographics: Dense Trade Area With 367,633 Residents Within a Five-Mile Radius and an Average Household Income of $100,244
Exclusively Listed By
Listing Price: $13,014,030
Investment Highlights
- Stabilized Asset: 98 Percent Leased With a Strong History of Long-Term Occupancy; Offered Below Replacement Cost
- New Ground Lease Outparcel: Brand-New Habit Burger & Grill Drive-Thru on a 20 Year Ground Lease
- Ideal Grocer Space: Short Term Lease in Former Big Lots Space Allows Investors Substantial Future Upside
- Prime Retail Location: Anchored by Investment-Grade Tenants Including dd's DISCOUNTS (Ross Dress for Less – NASDAQ: ROST | Moody's Rated A2), Rent-A-Center (Upbound Group, Inc. NASDAQ: UPBD | Bank of America (ATM Drive Thru) – NASDAQ: BAC | Moody's Rated Aa2 and Coming Soon Habit Burger & Grill (Yum! Brands – NASDAQ: YUM | Moody's Rated Ba3)
- Excellent Visibility & Access: Located at a Signalized Hard Corner With Multiple Ingress/Egress Points and Exceptional Street Exposure
- Strategic Proximity: Near California State University, Fresno (25,341 Students), State Route 168 (96,152 Vehicles Per Day), and Sierra Vista Mall (700,000 Square Feet Retail Center)
- High-Traffic Retail Corridor: Strong National and Credit Tenant Synergy Within a Prominent Commercial Area
- Robust Demographics: Dense Trade Area With 367,633 Residents Within a Five-Mile Radius and an Average Household Income of $100,244
Investment Overview
Marcus & Millichap 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 Vehicles Per Day) and just off CA State Route 168 (96,152 Vehicles Per Day), Shaw Village offers excellent visibility and access within a dominant retail corridor. The property includes ±77,299 square feet of GLA on ±7.59 acres and is priced well below replacement cost—at $168 per square foot for improvements and $39 per square foot 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.
Exclusively Listed By

