Listed by Bang Realty, The Boulder Group
$1,690,066
Bank of the Sierra
Details
Property Type Retail
Sub Type Bank
Square Footage 3,129
Cap Rate 6%
NOI $101,404
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of the Sierra
Lease Type Absolute NNN
Lease Expiration 03/31/2042
Remaining Term 15.7
Rent Bumps Yes
Lease Options One 3-year
Price per SqFt $540
Year Built 1976
Investment Type Net Lease
Tenant Credit Credit Rated
6.00% Cap Rate | NNN | Shopping Center Outparcel
Investment highlights
Bank of the Sierra (NASDAQ: BSRR) maintains an investment-grade credit rating (BBB+ from Kroll Bond Rating Agency)
Long-term lease through March 2042
Proven operating history spanning multiple decades
Absolute NNN – No landlord responsibilities
2.25% annual rental escalations
One mile south of College of the Sequoias (14,000 students)
Located along South Mooney Boulevard (30,500 VPD)
Grocery outparcel location
Over 154,000 residents within a five-mile radius
Average household income exceeds $109,000 within five miles
Dense retail corridor with multiple shopping centers – Kohl’s, Sprouts Farmers Market, Macy’s, The Home Depot, Walmart, Ashely, Burlington, Nordstrom Rack, Smart & Final, and many others
Listing Contacts
Listed by Bang Realty, The Boulder Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,404.00
$8,450.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
