142 S Mirage Ave - Bank FOR SALE


Lindsay, CA 93247- Lindsay/Strathmore
$2,228,810 USD
847-562-8500
142 S Mirage Ave, Lindsay, CA for Sale
$2,228,810 USD
Bank - FOR SALE
1/2
null | 6% Cap Rate

142 S Mirage Ave
Lindsay, CA 93247
Lindsay/Strathmore


HIGHLIGHTS

  • Bank of the Sierra (NASDAQ: BSRR) maintains an investment-grade credit rating (BBB+ from Kroll Bond Rating Agency)
  • Long-term lease through December 2041
  • Proven operating history spanning multiple decades
  • Absolute NNN – No landlord responsibilities
  • Deposits for this location exceed $94,000,000
  • Limited competition in the area – this is the only bank located in Lindsay

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located in Lindsay, 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 options. 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 $94,000,000. The 5,116 square-foot building is located along South Mirage Avenue and bene?ts from being the only bank in Lindsey, California. The site is only a few minutes from North Highway 65, which sees approximately 20,800 vehicles per day. The property is located across from the United States Postal Service and Lindsay City Hall, both drawing a consistent ?ow of foot and vehicle traffic. The surrounding area is home to more than 22,000 residents within a ?ve-mile radius where the average household income exceeds $77,000. 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.

FOR SALE DETAILS

PRICE

$2,228,810 USD

PRICE/SF

$392 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of the Sierra

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

PO

APN/PARCEL ID

205-231-010-000,205-231-011-000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.