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Off Market
1/6

1014-1020 W Panola St
Carthage, TX 75633


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.

OVERVIEW

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

FOR LEASE DETAILS

PRICE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

W Panola Center

PROPERTY TYPE

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TOTAL BUILDING SIZE

23072

STORIES

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YEAR BUILT

2015

SPRINKLERS

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PARKING SPACES

37

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

10752,8474