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1498 W Olive Ave
Porterville, CA 93257

$1,511,383 USD

Bank For Sale  •  3,247 SF

Property Details

  • Property Type Bank
  • Total Building Size 3,294 SF
  • Lot Size 0.58 AC
  • Building Class C
  • Year Built 1981
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C3
0 Transit Score
71 Walk Score

Highlights

Bank of the Sierra (NASDAQ: BSRR) maintains an investment-grade credit rating (BBB+ from Kroll Bond Rating Agency)
Deposits for this location exceed $98,000,000
Nearby traffic draws include Porterville High School (2,100 students) & Sierra View Medical Center
Located along West Olive Avenue (25,500+ vehicles per day)
Absolute NNN – No landlord responsibilities
Proven operating history spanning multiple decades

Property Flyers

Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Bank of the Sierra 12/31/2041

Amenities

  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Jimmy Goodman 847-562-8500 The Boulder Group
Jimmy Goodman 847-562-8500 The Boulder Group