Bank of the Sierra 232 N Valencia Blvd 5 047 pi² Commerce de détail Immeuble Woodlake, CA 93286 2 287 207 $ CAD (453,18 $ CAD/pi²) 6% Taux de capitalisation

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.