Bank of the Sierra 142 S Mirage Ave 5,116 SF Retail Building Lindsay, CA 93247 $2,228,810 ($435.65/SF) 6% Cap Rate

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.