Log In/Sign Up
Your email has been sent.
Bank of the Sierra 232 N Valencia Blvd 5,047 SF Retail Building Woodlake, CA 93286 $2,194,697 CAD ($434.85 CAD/SF) 6.20% Cap Rate
Investment Highlights
- Limited banking competition – the nearest bank branch is 10 miles south in Exeter, CA
- Long-term lease through December 2041
- Absolute NNN – No landlord responsibilities
- Bank of the Sierra (NASDAQ: BSRR) maintains an investment-grade credit rating (BBB+ from Kroll Bond Rating Agency)
- Proven operating history spanning multiple decades
- 2.25% annual rental escalations
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located in Woodlake, California. Bank of the Sierra has a successful operating history from this location that spans multiple decades. They are currently operating on a long-term lease through December 2041. The subject lease is absolute triple net and presents zero landlord responsibilities. Additionally, there are 2.25% annual rental escalations throughout the remaining primary term and one three-year renewal option. The lease is backed by a corporate guaranty from Sierra Bancorp. The tenant maintains an investment-grade BBB+ credit rating from Kroll Bond Rating Agency.
The 5,047 square-foot building in Woodlake bene?ts from limited banking competition in the area, with the nearest bank branch located 10 miles south in Exeter, CA. The surrounding community is well-established, with approximately 42,000 people living within a ten-mile radius and average household income exceeding $96,000. The site is also conveniently located just minutes from Woodlake High School, providing additional visibility and daily traffic from students, faculty, and families in the area. Nearby retailers include AutoZone, Family Dollar, Dollar General Market, True Value, Subway, and several others.
Bank of the Sierra, a subsidiary of Sierra Bancorp (NASDAQ: BSRR), stands as the largest independent community bank headquartered in California’s southern San Joaquin Valley. Founded on September 14, 1977, in Porterville, California, with one branch, 11 employees, and $1.5 million in initial assets, the bank—headquartered at 86 N. Main Street in Porterville—has grown impressively to $3.83 billion in total assets (a strong 6.0% increase from $3.61 billion at December 31, 2024), nearly $3 billion in deposits, 35–36 full-service branches plus loan production offices, and approximately 476–500 employees as of late 2025. Serving retail and commercial banking needs across Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo, Santa Barbara, and Los Angeles counties.
The 5,047 square-foot building in Woodlake bene?ts from limited banking competition in the area, with the nearest bank branch located 10 miles south in Exeter, CA. The surrounding community is well-established, with approximately 42,000 people living within a ten-mile radius and average household income exceeding $96,000. The site is also conveniently located just minutes from Woodlake High School, providing additional visibility and daily traffic from students, faculty, and families in the area. Nearby retailers include AutoZone, Family Dollar, Dollar General Market, True Value, Subway, and several others.
Bank of the Sierra, a subsidiary of Sierra Bancorp (NASDAQ: BSRR), stands as the largest independent community bank headquartered in California’s southern San Joaquin Valley. Founded on September 14, 1977, in Porterville, California, with one branch, 11 employees, and $1.5 million in initial assets, the bank—headquartered at 86 N. Main Street in Porterville—has grown impressively to $3.83 billion in total assets (a strong 6.0% increase from $3.61 billion at December 31, 2024), nearly $3 billion in deposits, 35–36 full-service branches plus loan production offices, and approximately 476–500 employees as of late 2025. Serving retail and commercial banking needs across Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo, Santa Barbara, and Los Angeles counties.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
5,047 SF
Building Class
C
Year Built
1935
Price
$2,194,697 CAD
Price Per SF
$434.85 CAD
Cap Rate
6.20%
NOI
$136,071 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.32 AC
Parking
15 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
71’ on Valencia Blvd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- Dec 2041
L'histoire de Bank of the Sierra commence le 14 septembre 1977 dans la communauté agricole très unie de Porterville, en Californie. Ils ouvrent leurs portes avec une succursale, 11 employés, 1,5 million de dollars en actifs et une mission décisive pour aider leurs voisins à prospérer. Depuis, elle est devenue la plus grande banque indépendante ayant son siège social dans le sud de la vallée de San Joaquin, en Californie, avec plus de plusieurs milliards d'actifs, de nombreux employés et des succursales offrant une gamme complète de services bancaires et commerciaux et de prêts de détail.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | Dec 2041 |
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 061-140-034-000 | Improvements Assessment | $1,319,481 CAD |
| Land Assessment | $207,792 CAD | Total Assessment | $1,527,274 CAD |
Property Taxes
Parcel Number
061-140-034-000
Land Assessment
$207,792 CAD
Improvements Assessment
$1,319,481 CAD
Total Assessment
$1,527,274 CAD
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Company Not Provided
Bank of the Sierra | 232 N Valencia Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.