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1004 W Panola St 1,650 SF of Retail Space Available in Carthage, TX 75633
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,650 SF | 1-5 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
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: Chick O’Fish, Subway, Security Finance, Cricket Wireless, V.I.P. Smoke & Vape, and Nail Spa Studio. The lease is a gross modified lease with the base year being the first year of the lease. 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/ Property owner, Catherine, is the manager and listing agent: (408) 258-6400
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Central Air and Heating
- Fully Carpeted
- Across the street from Panola College
- End cap 1,650 sf retail space
- Arguably the most desirable location in Carthage
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 broker 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.
SELECT TENANTS AT 1004 W PANOLA ST, CARTHAGE, TX 75633
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Nail Spa Studio
- Nail Salon
- 1
- Local
- VIP Vape And Smoke
- Other Retail
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Nail Spa Studio | Nail Salon | 1 | Local |
| VIP Vape And Smoke | Other Retail | 1 | Local |
PROPERTY FACTS
| Total Space Available | 1,650 SF | Total Land Area | 0.37 AC |
| Property Type | Retail | Year Built | 1979 |
| Property Subtype | Storefront | Parking Ratio | 2.85/1,000 SF |
| Gross Leasable Area | 13,000 SF |
| Total Space Available | 1,650 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 13,000 SF |
| Total Land Area | 0.37 AC |
| Year Built | 1979 |
| Parking Ratio | 2.85/1,000 SF |
NEARBY MAJOR RETAILERS
Presented by
Catherine Gortner
1004 W Panola St
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