Bank of the Sierra
5.90% Cap Rate | NNN | Across from Regional Mall
Investment highlights
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
2.25% annual rental escalations
Located along Shaw Avenue (39,000 VPD) and immediately adjacent to State Route 41 (142,000 VPD)
Positioned near Fashion Fair Mall, which is anchored by Apple, Macy’s (two locations), Barnes & Noble, H&M, Ulta, Victoria’s Secret, Bath & Body Works, and others
1.3 miles west of California State University, Fresno (24,000 students) and 1 mile south of Herbert Hoover High School (2,000 students)
Nearby retailers include Ross, Ace Hardware, CVS, Target, Ford, GMC, Chevrolet, Subaru, Burlington, FoodMaxx, and others
Approximately 397,000+ residents within a five-mile radius
Average household income exceeds $91,000 within five miles
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