40884 Sierra Dr - Bank FOR SALE


Three Rivers, CA 93271
$660,607 USD
847-562-8500
40884 Sierra Dr, Three Rivers, CA for Sale
$660,607 USD
Bank - FOR SALE
1/1
null | 5.9% Cap Rate

40884 Sierra Dr
Three Rivers, CA 93271


HIGHLIGHTS

  • Absolute NNN – No landlord responsibilities
  • 2.25% annual rental escalations
  • Average household income exceeds $107,000 within ten miles
  • Three Rivers is the primary southern entry point to two of California’s most iconic national parks, with the Sequoia National Park entrance
  • Significant Regional Tourism Economy — Tourism spending in Tulare County reached $626.2 million in 2024, up 6.0% from the previous year
  • Three Rivers is the last stop for lodging, dining, fuel, and financial services before entering the national parks

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located in Three Rivers, 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 1,602 square-foot building in Three Rivers is situated just minutes from the main southern entrance to Sequoia and Kings Canyon National Parks—two of California’s most iconic destinations—with the Sequoia entrance located only a short drive from town. The site bene?ts from strong regional tourism traffic, as Tulare County saw $626.2 million in tourism spending in 2024, marking a solid 6.0% increase from the prior year. As the ?nal stop for lodging, dining, fuel, and ?nancial services before entering the parks, Three Rivers captures a steady stream of visitors heading to these major attractions. There are approximately 2,000–2,300 residents within the immediate area, with average household income exceeding $107,000 within a ten-mile radius, supporting a prosperous local customer base alongside the consistent park-bound ?ow. 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

$660,607 USD

PRICE/SF

$159 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

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C2

APN/PARCEL ID

068-360-006-000

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.