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33425406
33425411

1133-1139 Magnolia Avenue, Larkspur, CA 94939

Retail West, Inc.
MH
CA 01117082
Retail West, Inc.
Listed by Retail West, Inc.
$4,428,800
1 day on market
Updated 1 day ago

Magnolia Village

Details
APN 020-034-016
Property Type Retail
Sub Type Storefront
Square Footage 5,386
Cap Rate 6.00%
NOI $243,498
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $822
Year Built 1948
Buildings 3
Lot Size (SqFt) 19,774
Zoning C2 General Commercial
Parking Spaces 18 spaces
Parking Per SqFt 3.34
Investment Type Stabilized

Retail | 6.00% CAP | 5,386 SqFt

Marketing description

Magnolia Village is located along Magnolia Avenue, the primary retail and dining corridor in downtown Larkspur. The property sits within the Larkspur Downtown Historic District, a walkable retail corridor characterized by its preserved early-20th-century storefronts, restaurants, and neighborhood-serving businesses.

Larkspur serves surrounding affluent Marin County communities including Kentfield, Ross, Corte Madera, and San Anselmo. Marin County has a population of approximately 257,000 residents and is among the most affluent counties in the United States, with an average household income of approximately $256,593 within a five-mile radius of the property.

The property is adjacent to a 1.17-acre site planned for 20 townhomes (16 market-rate units and 4 affordable units), and 1,488 square feet of commercial space, which will introduce additional residential density and retail demand to the immediate area by Q3 2027.

Investment highlights

  • NO EXCLUSIVE RESTRICTIONS IN THE LEASES
  • NO CO-TENANCY CLAUSES
  • NO RESTRICTIVE PARKING EASEMENTS
  • NO PROHIBITED CC&RS
  • WELL ESTABLISHED LONG TERM TENANTS
  • PREDICTABLE INCOME WITH IMMEDIATE UPSIDE AND 100% NNN LEASES

Listing Contacts

Retail West, Inc.
MH
CA 01117082
Retail West, Inc.
Listed by Retail West, Inc.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$243,498.00
$20,291.50/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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