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Very nice name though reggae is not a perfect fit for the .us extension since the music hails from Jamaica. Still there's a huge fan base in the U.S. shown by the great search numbers - over 42,000 in Overture and and 2.2 million pages on Google.
As a music store owner myself I am really impressed you have this one word term. The .US resale market has not developed yet (the extension is only 7 months old) but this will be a great name to have in your portfolio. If names like this were really worthless I would happily pay $1 apiece for thousands and thousands of names like this!
No surprise this name was registered on the day .US went live back in April. I would rather have jazz.us or blues.us since they are forms of music that were born in America - but Reggae.us is still well worth having.