423 W Loop 436
Carthage, TX 75633
Carthage Marketplace · Retail Property For Sale

Marcus & Millichap is pleased to offer the opportunity to acquire a 45,000-square foot multi-tenant retail center located in Carthage, Texas. The property is currently 64 percent occupied, providing significant upside potential in leasing the vacant space. Anchored by Bealls and Dollar Tree, other tenants include Little Caesars Pizza and AT&T. All current leases are triple net and include options for renewal. Situated on approximately 5.95 acres, the building was originally constructed in 1983 and renovated in 2014. The over-sized parcel provides room for expansion on the south side of the building (adjacent to H-E-B), as well as a pad site that fronts Highway 79 (Panola Street). The subject property is located at the intersection of two major highways, Northwest Loop and Highway 79, with ingress and egress points from both roads. Traffic counts on Northwest Loop are approximately 11,300 vehicles per day, and 8,200 vehicles per day on Highway 79. The subject property is adjacent to H-E-B grocery store. Other national and regional retailers in the area include Aaron’s, Citizens Bank, Dollar General, Tractor Supply Co., Taco Bell, Chicken Express, Ace Hardware, AutoZone, Pizza Hut, Subway, CVS, Whataburger, Family Dollar, Sonic, Goodwill, and others. Carthage High School is directly across Northwest Loop, with elementary, intermediate, and junior high schools nearby. Panola College is about one mile to the east of the subject property and has an enrollment of approximately 2,700 students. Carthage is the county seat of Panola County, located 150 miles southeast of Dallas. The discovery of oil and gas created an economic boom for Panola County that still pays dividends to the area today. Oil and gas interests remain a vital part of the economy of Carthage and Panola County. Other industries tapping into the natural resources of the area include timber, logging and wood processing facilities. The city is also home to the Texas Country Music Hall of Fame, Tex Ritter Museum, and Jim Reeves Memorial, serving as popular tourist destinations.