40884 Sierra Dr, Three Rivers, CA 93271

The property is a single tenant net leased Bank of the Sierra located in Three Rivers, California. The 1,602 square-foot building is situated just minutes from the main southern entrance to Sequoia and Kings Canyon National Parks. The site benefits from strong regional tourism traffic; Tulare County saw $626.2 million in tourism spending in 2024, marking a 6.0% increase from the prior year. As the final stop for lodging, dining, fuel, and financial services before entering the parks, Three Rivers captures a steady stream of visitors heading to these major attractions. There are approximately 2,000–2,300 residents within the immediate area, with average household income exceeding $107,000 within a ten-mile radius. Bank of the Sierra has a successful operating history from this location that spans multiple decades and is currently operating on a long-term lease through December 2041. The lease is absolute triple net and presents zero landlord responsibilities. There are 2.25% annual rental escalations throughout the remaining primary term and one three-year renewal option. 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. Bank of the Sierra is the largest independent community bank headquartered in California’s southern San Joaquin Valley. Founded on September 14, 1977, the bank has grown to $3.83 billion in total assets (a 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.