Bank of the Sierra 901 E Main St 4,292 SF Retail Building Santa Paula, CA 93060 $2,175,187 ($506.80/SF) 6.20% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of the Sierra located in Santa Paula, 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 $169,000,000.
The 4,292 square-foot building is located along a Main Street with proximity to 10th Street (15,000 vehicles per day) and State Route 126 (36,500 vehicles per day). The site bene?ts from its proximity to Santa Paula High School (approximately 1,700 students) and Santa Paula Airport, which generate consistent daily traffic to the area. There are more than 34,000 residents within a ?ve-mile radius of the property, with those residents earning an average household income exceeding $108,000.
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.