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$2,150 / 1650ft2 - Retail space in same strip center as Cricket and Subway (Carthage)

1004 W Panola St, Carthage, TX 75633

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1004 W Panola St

google map

1650ft2
rent period: monthly
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.

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 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 (based on the size of the space) property taxes and insurance for the building over the base year which will be 2024 (as 2023 is almost half over). I expect the annual additional rent to be less than $500 a year in year two.

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/

post id: 7745131195

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