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