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1014-1020 W Panola St
Carthage, TX 75633

$2,145 USD/MO

Unknown For Lease  •  1,650 SF

Property Details

  • Property Type Unknown
  • Year Built 2015
  • Total Building Size 23,072 SF
0 Transit Score
57 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 1,650 SF $15.60 USD/SF/YR 
Arguably the most desirable retail location in Carthage, Texas. Across the street from Panola College on high traffic West Panola Street.

End cap 1,650 sf retail space in same strip shopping center as Subway, Security Finance, and Cricket Wireless.

The strip center comprises 2 buildings totaling over 13,000 sf covering 0.86 acres with 37 shared parking spaces. Tenants from left to right in the center are: A&E Dining, Subway, Security Finance, Cricket Wireless, V.I.P. Smoke & Vape, and Nail Spa Studio (Google maps has old photos that are not current).
 
The lease is a gross modified lease with the base year being 2023. The base rent for the first two years of the lease is $2,150 per month ($1.30 per square foot).  There is an annual additional rent of the increase in prorated property taxes and insurance for the building over the base year which is the first year of the lease (i.e. base year is 2023).

Carthage, Texas is 47 miles southwest of Shreveport, LA and 150 miles east of Dallas. Panola College is across the street. Carthage was recently ranked #19 as “The Best 100 Towns in Texas for Starting a Small Business” https://lendedu.com/blog/best-towns-in-texas-for-starting-a-small-business/

Property owner, Catherine, is the manager and listing agent: (408) 258-6400

  • Date available: Now
  • Lease term: 1 - 5 Years
  • Service type: Modified Gross
  • Built out as: Standard Retail
  • Space Type: Relet

Description 

Located in arguably the most desirable retail location in Carthage, Texas. Across the street from Panola College on high traffic West Panola Street (10,521 VPD – 2020).
 
End cap 1,650 sf retail space in same shopping center as Subway, Security Finance, and Cricket Wireless.
 
The shopping center comprises 2 buildings totaling over 13,000 sf covering 0.86 acres with 37 shared parking spaces. Tenants from left to right in the center are: A&E Dining, Subway, Security Finance, Cricket Wireless, V.I.P. Smoke & Vape, and Nail Spa Studio (Google maps has old photos that are not current).

The lease is a gross modified lease with the base year being 2024, assuming the lease starts in 2024. The base rent for the first two years of the lease is $2,150 per month.  There is an annual additional rent of the increase in prorated (i.e. 1650 sf / 13,000 sf = 12.7%) property taxes and insurance for the shopping center over the base year.  I expect the annual additional rent to be less than $500 a year in year 2.

Carthage, Texas is 47 miles southwest of Shreveport, LA and 150 miles east of Dallas. Panola College is across the street. Carthage was recently ranked #19 as “The Best 100 Towns in Texas for Starting a Small Business” https://lendedu.com/blog/best-towns-in-texas-for-starting-a-small-business/

Property owner, Catherine, is the manager and listing agent: (408) 258-6400

Highlights

Arguably the most desirable retail location in Carthage, Texas.
Across the street from Panola College on high traffic West Panola Street (10,521 VPD – 2020).
End cap 1,650 sf retail space in same strip shopping center as Subway, Security Finance, and Cricket Wireless.
Catherine Gortner 408-258-6400 Catherine Gortner
Catherine Gortner 408-258-6400 Catherine Gortner