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W Panola Center 1014-1020 W Panola St
1,650 SF of Retail Space Available in Carthage, TX 75633
Highlights
- Arguably the most desirable retail location in Carthage, Texas.
- End cap 1,650 sf retail space in same strip shopping center as Subway, Security Finance, and Cricket Wireless.
- Across the street from Panola College on high traffic West Panola Street (10,521 VPD – 2020).
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,650 SF | 1-5 Years | £12.22 /SF/PA £1.02 /SF/MO £131.53 /m²/PA £10.96 /m²/MO £20,162 /PA £1,680 /MO | Modified Gross |
1004 W Panola St - 1st Floor
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
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Central Air and Heating
- Fully Carpeted
- Near Panola College
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1014-1020 W Panola St , Carthage, TX 75633
| Centre Type | Strip Center | Gross Leasable Area | 21,435 SF |
| Parking | 37 Spaces | Total Land Area | 0.93 AC |
| Centre Properties | 2 | Year Built | 2015 |
| Centre Type | Strip Center |
| Parking | 37 Spaces |
| Centre Properties | 2 |
| Gross Leasable Area | 21,435 SF |
| Total Land Area | 0.93 AC |
| Year Built | 2015 |
About the Property
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
Nearby Major Retailers
Presented by
Catherine Gortner
W Panola Center | 1014-1020 W Panola St
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