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270 Miller Ave

4,800 SF Office Building Mill Valley, CA 94941 £3,022,109 (£630/SF) 8.05% Net Initial Yield

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EXECUTIVE SUMMARY

270 Miller Avenue presents a rare, single tenant NNN leased investment opportunity in the heart of Mill Valley. This cash-flowing asset generates $306,000 in annual net operating income, offering investors an 8.1% cap rate with built-in growth through 2% annual rent escalations. The property is secured by a long-term lease with 18 years remaining on a 25-year lease, providing exceptional income stability. Located along highly desirable Miller Avenue, the property benefits from strong frontage, excellent visibility, and proximity to downtown Mill Valley’s retail, dining, and lifestyle amenities. With recent renovations and flexible RM-P zoning, 270 Miller Avenue is a high-quality, low-maintenance investment in a premier market.

270 Miller Ave-compressed