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Prime Shopping Center: 6.83% CAP with Upside 424-460 W Shaw Ave 77,299 SF 98% Leased Retail Building Clovis, CA 93612 $15,180,630 CAD ($196.39 CAD/SF) 6.83% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prime Retail Location: Anchored by dd’s DISCOUNTS, Rent-A-Center, Bank of America ATM, and Habit Burger & Grill
  • New Ground Lease Outparcel: New Habit Burger & Grill drive-thru on a 20-year ground lease
  • Prime Location & Access: Signalized corner with multiple access points, near CSU Fresno, SR 168, and Sierra Vista Mall
  • Stabilized Asset: 98% leased with long-term occupancy history; priced below replacement cost
  • Ideal Grocer Space: Short-term lease in former Big Lots space offers future upside for investors
  • High-Traffic Retail Corridor & Robust Demographics: National tenants in a prime area with 367K residents and $100K+ average household income

EXECUTIVE SUMMARY

The Ovaness-Rostamian Group 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 VPD) and just off CA State Route 168 (96,152 VPD), Shaw Avenue is one of the primary east-west arterial streets serving the Fresno-Clovis Metropolitan area. Shaw Village offers excellent visibility and access within a dominant retail corridor.
The property includes ±77,299 SF of GLA on ±7.59 acres and is priced well below replacement cost—at $141/SF for improvements and $33/SF 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.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $1,033,063 $13.36

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $1,033,063
Annual Per SF $13.36

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
77,299 SF
Building Class
B
Year Built/Renovated
1974/2012
Price
$15,180,630 CAD
Price Per SF
$196.39 CAD
Cap Rate
6.83%
NOI
$1,036,837 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.30
Lot Size
5.85 AC
Zoning
CSCN, Clovis
Parking
300 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
538’ on Shaw Ave

AMENITIES

  • Banking
  • Corner Lot
  • Pylon Sign
  • Security System
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Arosa Group
  • Accommodation and Food Services
  • -
  • -
  • -
  • Jun 2033
  • Century Soccer Club
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • Triple Net
  • -

dd’s Discounts is an off-price retail chain specializing in affordable apparel, footwear, and home merchandise. The brand was launched in 2004 as part of Ross Stores, Inc., targeting customers seeking moderately priced products at significant discounts. dd’s Discounts operates under the same off-price model as Ross Dress for Less but focuses on neighborhood-based locations and value-driven assortments. The company offers clothing for men, women, and children, along with home décor, toys, and seasonal items. Headquartered in Dublin, California, dd’s Discounts is a subsidiary of Ross Stores, Inc., which trades publicly on NASDAQ under the ticker symbol ROST. The chain has expanded steadily since inception and continues to grow across the United States.

  • Lucky Liquidators
  • Retailer
  • -
  • -
  • -
  • Jul 2027
  • Finance and Insurance
  • -
  • -
  • -
  • -

Momentum Financial Services Group, formerly Money Mart Financial Services is a leading provider of financial services in North America. For 40 years they've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Backed by a retail network across North America and robust digital and mobile platforms, they provide access to cash, financial products and services to help their customers achieve their goals. Their highly skilled workforce puts customers first in everything they do. Their customers are typically financially disenfranchised, unbanked or under banked. Many have impaired credit histories and may not qualify for traditional credit products. They are proud to say, "yes," when others won't. Their services include loans, check cashing, money transfers, and prepaid card services. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.

  • Quick Cut
  • Services
  • -
  • -
  • -
  • -

Barbershop located in Clovis, California.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Pizza restaurant located in Clovis, California, since 1998.

  • Unique Optique
  • Retailer
  • -
  • -
  • -
  • -

This funky, sassy optical and caring, accessible optometrist office is dedicated to complete service. They are compassionate and friendly and all about great karma. The building plan is to use mostly recycled building materials with an unexpected, eclectic design with an art gallery on the wall space. They will provide spectacles that you cannot find everywhere and will be designed especially for you by their image consultant opticians. Their optometrist will diagnose and treat ocular and systemic disease, as well as fit contact lenses and glasses. Live. See. Uniquely.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Arosa Group Accommodation and Food Services - - - Jun 2033
Century Soccer Club Arts, Entertainment, and Recreation - - - -
Retailer - - Triple Net -
Lucky Liquidators Retailer - - - Jul 2027
Finance and Insurance - - - -
Quick Cut Services - - - -
Accommodation and Food Services - - - -
Unique Optique Retailer - - - -

NEARBY MAJOR RETAILERS

Me-n-Ed's Pizzeria
Rent-A-Center
Crunch Fitness
Starbucks
Smart & Final
Bank of Montreal
Citi
Applebee's
Toyota
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 430-500-42
  • 430-500-21
Land Assessment
$4,070,904 CAD
Improvements Assessment
$9,545,568 CAD
Total Assessment
$13,616,472 CAD
  • Listing ID: 36236154

  • Date on Market: 2025-06-12

  • Last Updated:

  • Address: 424-460 W Shaw Ave, Clovis, CA 93612

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