Bank of the Sierra 636 E Shaw Ave 5,779 SF Retail Building Fresno, CA 93710 $9,110,871 CAD ($1,576.55 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 in Fresno, 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 5,779 square-foot building is positioned along Shaw Avenue, which carries approximately 39,000 vehicles per day, and bene?ts from its shadow-anchored location to Fashion Fair Mall, a regional shopping destination occupied by Apple, Macy’s, Barnes & Noble, H&M, Ulta Beauty, Victoria’s Secret, and Bath & Body Works. The property is also located just off the State Route 41 interchange, which accommodates more than 142,000 vehicles per day. Additionally, the site is within close proximity to California State University, Fresno (approximately 24,000 students) and Herbert Hoover High School (approximately 2,000 students), generating consistent daytime traffic. Surrounding national retailers include Ross Dress for Less, Ace Hardware, CVS Pharmacy, Target, Ford, GMC, Chevrolet, Subaru, Burlington, and FoodMaxx, among many others. There are more than 397,000 residents within a ?ve-mile radius of the property. Those of which earn an average household income exceeding $91,000.
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.