Magnolia Village
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
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