Since the seminal paper by Marzetta from 2010, the Massive MIMO paradigm in communication systems has changed from being a theoretical scaled-up version of MIMO, with an infinite number of antennas, to a practical technology. Its key concepts have been adopted in the 5G new radio standard and base stations, where $64$ fully-digital transceivers have been commercially deployed. Motivated by these recent developments, this paper considers a co-located MIMO radar with $M_T$ transmitting and $M_R$ receiving antennas and explores the potential benefits of having a large number of virtual spatial antenna channels $N=M_TM_R$. Particularly, we focus on the target detection problem and develop a \textit{robust} Wald-type test that guarantees certain detection performance, regardless of the unknown statistical characterization of the clutter disturbance. Closed-form expressions for the probabilities of false alarm and detection are derived for the asymptotic regime $N\to \infty$. Numerical results are used to validate the asymptotic analysis in the finite system regime with different disturbance models. Our results imply that there always exists a sufficient number of antennas for which the performance requirements are satisfied, without any a-priori knowledge of the clutter statistics. This is referred to as the Massive MIMO regime of the radar system.