401 E Tulare St - Bank FOR SALE


Dinuba, CA 93618
$1,031,193 USD
847-562-8500
401 E Tulare St, Dinuba, CA for Sale
$1,031,193 USD
Bank - FOR SALE
1/2
null | 5.9% Cap Rate

401 E Tulare St
Dinuba, CA 93618


HIGHLIGHTS

  • Positioned within the Visalia MSA
  • Extremely low absolute rent
  • 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

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located within the Visalia MSA in Dinuba, 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 with an extremely low absolute rent of $59,501. 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 2,755 square-foot building is located in the center of Dinuba and within walking distance of Dinuba High School. The community is home to several nationally recognized retailers that draw a continual ?ow of traffic to the area, including Walmart Supercenter, Ross, Tractor Supply Company, McDonald’s, Les Schwab, Grocery Outlet, Starbucks, and AutoZone. The daytime population also bene?ts from several major nearby employers, including the Best Buy distribution center, Ruiz Foods, Seaca Packaging, and Patterson Logistics. Approximately 48,000 residents live within a ?ve-mile radius, with an average household income exceeding $91,000 within three miles. 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

$1,031,193 USD

PRICE/SF

$443 USD /SF

CAP RATE

5.9%

% 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

1979

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

017-093-022-000

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.