1103 W Visalia Rd
Exeter, CA 93221
Bank of the Sierra · Commerce de détail Propriété À vendre

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located in Exeter, 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 two 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. Deposits for this location exceed $108,000,000.
The 3,933 square-foot building is positioned as an outparcel to a grocery-anchored shopping center. It bene?ts from its location at a signalized intersection with over 18,000 vehicles per day of combined traffic. The surrounding area supports a population of more than 27,000 residents within a ?ve-mile radius and generates an average household income exceeding $110,000 within one mile. Neighboring tenants include Save Mart, SaveCo, Starbucks, McDonald’s, DaVita, Subway, Taco Bell, Dollar General, and Jack in the Box, providing consistent consumer traffic to the immediate area.
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.