Bosque River Shopping Center

Location: Stephenville, TX
Type: Retail
Price: $12,225,000

SMC provided a $12,225,000 ten-year fixed rate mortgage to refinance existing debt collateralized by Bosque River Shopping Center, a 221,194 SF retail center located in Stephenville, TX, 70 miles southwest of Ft. Worth. The property is anchored by Bealls (30,000 SF, 13.6%), Tractor Supply Co. (26,774 SF, 12.1%), and Hastings Entertainment (20,190 SF, 9.1%). The Subject is located on West Washington Street (U.S. Route 377), the major commercial corridor that traverses the state of Texas and provides direct access to Ft. Worth from Stephenville. The property is situated within the immediate proximity of the other national big-box retailers that serve the trade area.