Bank of the Sierra 401 E Tulare St 2,755 SF Retail Building Dinuba, CA 93618 $1,405,454 CAD ($510.15 CAD/SF) 5.90% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located within the Visalia MSA in Dinuba, 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 with an extremely low absolute rent of $59,501. 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 2,755 square-foot building is located in the center of Dinuba and within walking distance of Dinuba High School. The community is home to several nationally recognized retailers that draw a continual ?ow of traffic to the area, including Walmart Supercenter, Ross, Tractor Supply Company, McDonald’s, Les Schwab, Grocery Outlet, Starbucks, and AutoZone. The daytime population also bene?ts from several major nearby employers, including the Best Buy distribution center, Ruiz Foods, Seaca Packaging, and Patterson Logistics. Approximately 48,000 residents live within a ?ve-mile radius, with an average household income exceeding $91,000 within three miles.
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.