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Bank of the Sierra 1103 W Visalia Rd 3,933 SF Retail Building Exeter, CA 93221 $1,919,929 ($488.16/SF) 6.20% Cap Rate
Investment Highlights
- Positioned within the Visalia, CA MSA
- Long-term lease through December 2041
- Absolute NNN – No landlord responsibilities
- Bank of the Sierra (NASDAQ: BSRR) maintains an investment-grade credit rating (BBB+ from Kroll Bond Rating Agency)
- Proven operating history spanning multiple decades
- Deposits for this location exceed $108,000,000
Executive Summary
The 3,933 square-foot building is positioned as an outparcel to a grocery-anchored shopping center. It bene?ts from its location at a signalized intersection with over 18,000 vehicles per day of combined traffic. The surrounding area supports a population of more than 27,000 residents within a ?ve-mile radius and generates an average household income exceeding $110,000 within one mile. Neighboring tenants include Save Mart, SaveCo, Starbucks, McDonald’s, DaVita, Subway, Taco Bell, Dollar General, and Jack in the Box, providing consistent consumer traffic to the immediate area.
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.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- Dec 2041
Bank of the Sierra’s story began on September 14, 1977, in the close-knit farming community of Porterville, California. They opened with one branch and a decisive mission to help their neighbors prosper. Since then, they’ve grown to become the largest independent bank headquartered in California’s southern San Joaquin Valley, with full-service branches delivering a full range of retail and commercial banking and lending services. Bank of the Sierra also maintains an online branch and they’ve developed a robust suite of online and mobile tools for individuals and businesses. Their customers get access to surcharge-free ATMs plus expanded digital payment options via the Allpoint® and PULSE® networks.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | Dec 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 133-290-009-000 | Improvements Assessment | $1,142,400 |
| Land Assessment | $193,290 | Total Assessment | $1,335,690 |
Property Taxes
Presented by
Company Not Provided
Bank of the Sierra | 1103 W Visalia Rd
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