Bank of the Sierra 2515 S Mooney Blvd 3,129 SF Retail Building Visalia, CA 93277 $2,295,312 CAD ($733.56 CAD/SF) 6% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located in Visalia, 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 March 2042. 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 3,129 square-foot property is situated one mile south of College of the Sequoias, a campus serving approximately 14,000 students that generates steady daily traffic. Located along South Mooney Boulevard (30,500 VPD), the site is a grocery outparcel location bene?ting from regular foot traffic and consumer activity. The surrounding area has over 154,000 residents within a ?ve-mile radius, with average household income exceeding $109,000 within ?ve miles. The property sits within a dense retail corridor featuring multiple shopping centers occupied by Kohl’s, Sprouts Farmers Market, Macy’s, The Home Depot, Walmart, Ashley, Burlington, Nordstrom Rack, Smart & Final, and many 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.