2515 S Mooney Blvd - Bank FOR SALE


Visalia, CA 93277- Mooney
$1,690,066 USD
847-562-8500
2515 S Mooney Blvd, Visalia, CA for Sale
$1,690,066 USD
Bank - FOR SALE
1/3
null | 6% Cap Rate

2515 S Mooney Blvd
Visalia, CA 93277
Mooney


HIGHLIGHTS

  • Long-term lease through March 2042
  • Proven operating history spanning multiple decades
  • Absolute NNN – No landlord responsibilities
  • One mile south of College of the Sequoias (14,000 students)
  • Grocery outparcel location
  • Over 154,000 residents within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located in Visalia, 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 March 2042. 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 3,129 square-foot property is situated one mile south of College of the Sequoias, a campus serving approximately 14,000 students that generates steady daily traffic. Located along South Mooney Boulevard (30,500 VPD), the site is a grocery outparcel location bene?ting from regular foot traffic and consumer activity. The surrounding area has over 154,000 residents within a ?ve-mile radius, with average household income exceeding $109,000 within ?ve miles. The property sits within a dense retail corridor featuring multiple shopping centers occupied by Kohl’s, Sprouts Farmers Market, Macy’s, The Home Depot, Walmart, Ashley, Burlington, Nordstrom Rack, Smart & Final, and many 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.

FOR SALE DETAILS

PRICE

$1,690,066 USD

PRICE/SF

$555 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

1976

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,580 SF

ZONING

CR

APN/PARCEL ID

121-070-077-000

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.