110 Tiburon Blvd, Mill Valley, CA 94941
For Lease
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This thriving musical instrument retail business, established in 1976, is located in Mill Valley, CA at 110 Tiburon Blvd, 94941. The 4,000 square foot space boasts a well-designed showroom, lesson rooms, storage, and a repair workshop. The business enjoys a strong reputation built over 46 years, serving a loyal customer base of musicians, educators, and community organizations. It offers a diverse product portfolio including guitars, keyboards, drums, brass, woodwind instruments, accessories, sheet music, and more, complemented by expert repair and lesson services. The business generated $1,852,906 in gross receipts in 2023. A comprehensive inventory valued at over $1,000,000 is included in the sale, along with fixtures, equipment, customer database, branding, and goodwill (total assets valued at over $2,000,000). The current lease is NNN, with a remaining term of approximately 5.4 years (expiring April 30, 2030), and a monthly rate of $11,255. Significant growth opportunities exist through e-commerce expansion, targeted marketing, product diversification, and expanded educational programs. The seller is offering transition support and is motivated to sell due to retirement. Financial statements are available upon signing a non-disclosure agreement. Asking price: $999,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.