224 W F St - Bank FOR SALE


Tehachapi, CA 93561
$2,506,802 USD
847-562-8500
224 W F St, Tehachapi, CA for Sale
$2,506,802 USD
Bank - FOR SALE
1/2
null | 6% Cap Rate

224 W F St
Tehachapi, CA 93561


HIGHLIGHTS

  • Deposits for this location exceed $148,000,000
  • Positioned within the Bakersfield MSA
  • Proven operating history spanning multiple decades
  • Long-term lease through December 2041
  • Proximity to State Highway 58 (20,700 Vehicles per day)
  • Absolute NNN – No landlord responsibilities

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located in Tehachapi, 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. Deposits for this location exceed $148,000,000. The 5,686 square-foot building is located just minutes from State Highway 58 (20,700 vehicles per day) which connects Bakers?eld to Barstow. The site bene?ts from nearby traffic draws including Tehachapi Municipal Airport and Tehachapi High School, which generate consistent daily traffic to the area. Local retailers include The Home Depot, Albertsons, Walmart Supercenter, Tractor Supply Company, Starbucks, McDonald’s, and several others. There are approximately 20,000 residents within a ?ve-mile radius of the property, with those residents earning an average household income exceeding $100,000. 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

$2,506,802 USD

PRICE/SF

$459 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

1950

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,038 SF

ZONING

C2

APN/PARCEL ID

040-100-01-00-4,040-100-02-00-7,040-100-03-00-0

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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