The City of Belle Plaine
Transcription
The City of Belle Plaine
BELLE PLAINE RETAIL SALES POTENTIAL Prepared for City of Belle Plaine June 2009 BELLE PLAINE RETAIL SALES POTENTIAL Prepared for City of Belle Plaine Prepared by McComb Group, Ltd. June 2009 Copyright© 2009 by McComb Group, Ltd. TABLE OF CONTENTS Chapter Subject Page INTRODUCTION ...............................................................................................1 I BELLE PLAINE RETAIL AREAS .....................................................................3 Retail Areas .........................................................................................................3 Accessibility ........................................................................................................5 Traffic Counts......................................................................................................6 II COMPETITIVE SHOPPING AREAS ............................................................... 10 Competitive Shopping Areas.............................................................................. 10 Shakopee...................................................................................................... 11 New Prague.................................................................................................. 12 Le Sueur ...................................................................................................... 12 Jordan .......................................................................................................... 13 Norwood Young America ............................................................................ 13 New Retail Development ................................................................................... 13 Summary ........................................................................................................... 13 III BELLE PLAINE TRADE AREAS .................................................................... 14 Population and Households ................................................................................ 15 Household Income ............................................................................................. 16 Demographic Characteristics ............................................................................. 20 Purchasing Power .............................................................................................. 20 IV BELLE PLAINE RETAIL SALES AND MARKET SHARE ............................ 25 Retail Sales ........................................................................................................ 25 Market Share ..................................................................................................... 25 Sales Potential ................................................................................................... 28 V RETAIL AND SERVICE POTENTIAL ............................................................ 31 Retail Potential .................................................................................................. 32 APPENDICES ....................................................................... under separate cover i LIST OF TABLES Table Title Page 1 Belle Plaine Retail Areas .....................................................................................4 2 Belle Plaine Traffic Counts; 2000 to 2006............................................................6 3 Downtown Belle Plaine Retail Tenant Mix ..........................................................8 4 Belle Plaine Highway Retail Tenant Mix .............................................................9 5 Belle Plaine and Competitive Retail Areas ......................................................... 11 6 Belle Plaine Current and Community Trade Areas and Minneapolis-St. Paul MSA Population and Households: 1990 and 2000 Census; 2008 and 2013 Estimated.............................................................................................. 15 7 Belle Plaine Current and Community Trade Areas and Minneapolis-St. Paul MSA Average and Median Household Income: 1990 and 2000 Census; 2008 and 2013 Estimated............................................................................... 16 8 Belle Plaine Current and Community Trade Areas and Minneapolis-St. Paul MSA Household Income Distribution: 1990 and 2000 Census; 2008 and 2013 Estimated ....................................................................................... 18 9 Belle Plaine Current and Community Trade Areas and Minneapolis-St. Paul MSA Household Income Distribution: 1990 and 2000 Census; 2008 and 2013 Estimated ....................................................................................... 18 10 Belle Plaine Current Trade Area Demographic and Income Snapshot................. 21 11 Belle Plaine Community Trade Area Demographic and Income Snapshot.......... 22 12 Minneapolis-St. Paul MSA Demographic and Income Snapshot ........................ 23 13 Belle Plaine Current and Community Trade Areas Retail Purchasing Power; 2008 to 2015.................................................................................................. 24 14 Belle Plaine Retail Establishments and Sales: 1997 and 2002............................. 25 15 Belle Plaine Retail Sales and Market Share; 2002 .............................................. 26 16 Belle Plaine Future Market Share and Trade Area Sales..................................... 27 17 Belle Plaine Current and Community Trade Areas Retail Purchasing Power, Market Share and Sales Potential; 2010 by Merchandise Category ................ 28 18 Belle Plaine Current and Community Trade Areas Retail Sales Potential and Supportable Space, 2010 by Merchandise Category....................................... 29 19 Belle Plaine Current Trade Area Supportable Space, 2010 and 2015 by Merchandise and Services Category............................................................... 33 20 Belle Plaine Community Trade Area Supportable Space, 2010 and 2015 by Merchandise and Services Category............................................................... 35 ii LIST OF MAPS Map Title Page 1 Belle Plaine Retail Areas .....................................................................................3 2 Belle Plaine Competitive Retail ......................................................................... 10 3 Belle Plaine Current and Community Trade Areas ............................................. 14 4 Belle Plaine Current and Community Trade Areas: 2013 Household Density ........................................................................................................ 17 5 Belle Plaine Current and Community Trade Areas 2013 Percent of Households with Incomes above $100,000 ................................................... 19 iii INTRODUCTION McComb Group, Ltd. was engaged by the City of Belle Plaine to identify market potential for retail stores and services in downtown Belle Plaine and in the highway retail area. Work tasks conducted during this engagement are summarized below. ♦ Retail, food service, and service establishments in downtown and along TH-169 were identified and categorized by type to determine tenant mix orientation of each retail area. ♦ Shopping areas that are competitive with Belle Plaine retail areas were identified and evaluated. Principal competitors were identified and evaluated for tenant mix, anchor stores, and market orientation. Future commercial developments that could affect development in downtown Belle Plaine or its trade area were identified. ♦ Based on arterial road patterns, competitive shopping areas, drive times and McComb Group experience, the trade areas for downtown Belle Plaine and the highway retail area were delineated. The economy of the trade area was analyzed to identify and quantify those factors that generate support for retail and service establishments. Factors that were evaluated include, but were not limited to: population, households, building permits, and household income. Trade area growth trends were evaluated to determine residential growth potential for target years 2010 and 2015. Retail and service purchasing power for trade area households was estimated using McComb Group’s proprietary retail purchasing power model that contains sales potential for over 125 business establishments. ♦ Market demand for retail, food service, and service business establishments in Belle Plaine were identified based on estimated trade area population and household growth taking into consideration competitive impacts, trade area demographics, trade area purchasing power and estimated market share. Based on analysis of purchasing power, competitive shopping centers and current retail trends, future demand for retail space was estimated by business type for both downtown and TH-169 retail areas. Estimates of retail, food service, and services space supportable by sales potential were prepared for target years of 2010 and 2015 using McComb Group’s proprietary purchasing power software. Sales potential was converted to square feet of building area by type of business establishment. This report contains the primary information needed to support the principal conclusions. However, in a report of this nature, it is not possible to include all of the information that was developed and evaluated. Any additional information will be furnished upon request. Report Purpose This report was prepared in accordance with our proposal dated July 8, 2008. This report was prepared with the understanding that the results of our work will be used by the City of Belle Plaine to evaluate future retail potential in Belle Plaine. Our report was prepared for that purpose and is subject to the following qualifications: 1 • Our analysis did not ascertain the legal and regulatory requirements applicable to this project including zoning, other state and local government regulations, permits and licenses. No effort was made to determine the possible effect on the proposed project of present or future federal, state or local legislation, or any environmental or ecological matters. • Our report and analysis was based on estimates, assumptions and other information developed from research of the market, knowledge of the industry and discussions with the client. Some assumptions inevitably will not materialize and unanticipated events and circumstances may occur; therefore, actual results achieved will vary from the analysis. • Our analysis did not evaluate management’s effectiveness nor are we responsible for future marketing efforts and other management actions upon which actual results are dependent. Our report is intended solely for the purpose described above and should not be used for any other purpose without our prior written permission. Permission for other use of the report will be granted only upon meeting company standards for the proposed use. 2 Chapter I BELLE PLAINE RETAIL AREAS Belle Plaine is a growing community in the southwestern Twin Cities area. Residential growth within Belle Plaine and surrounding areas is creating demand for additional retail and service establishments. Belle Plaine has two distinct retail areas: the historic downtown area and a growing retail area along TH-169. A new retail area is planned for the area east of TH-169 along County Road 64. Retail Areas Downtown Belle Plaine and the highway retail areas both offer a variety of goods and services for area consumers. These retail areas are shown on Map 1 and described below. Retail tenant mix is contained in Table 1. Map 1 BELLE PLAINE RETAIL AREAS 3 Table 1 BELLE PLAINE RETAIL AREAS Establishment Type Downtown CONVENIENCE RETAIL Food Drug Store Liquor Hardware Video FOOD SERVICE Full Service Limited Service Drinking Establishments CONVENIENCE/GASOLINE Convenience/Gasoline SHOPPING GOODS Variety/Dollar Apparel/Accessories Furniture & Home Furnishings Other Shopping Goods Pre-Owned Merchandise Agricultural Retailers HOME IMPROVEMENT Home Improvement Lawn & Garden AUTOMOTIVE Auto Sales Other Equipment Sales/Marine Auto Parts Total Retail 24 SERVICES Auto Services Personal Care Personal Services Business Services Laundry/Dry Cleaning Financial Real Estate Insurance Medical Dental Entertainment/Recreation Professional Services Lodging Other Services Fraternal Total Services 4 4 3 2 1 5 2 6 4 3 1 3 1 4 1 44 TOTAL Vacant 68 6 Highway 3 1 3 1 1 5 1 4 1 1 2 4 1 Source: McComb Group, Ltd. 4 Total 3 1 3 1 1 3 2 8 3 4 2 2 2 1 1 1 1 2 6 1 2 1 2 1 2 2 2 2 24 2 2 2 48 5 4 2 1 27 9 8 5 3 1 6 3 7 5 3 6 3 2 9 1 71 51 5 119 11 1 1 1 1 5 1 5 Downtown is generally bounded by Prairie Street, Willow Street, Court Street and Chestnut Street. Downtown Belle Plaine contains a diversified mix of businesses with 24 retail stores and 44 service establishments. Downtown convenience retail includes Hubers Supervalu (located just outside of the downtown boundaries), Ruck’s Meats, The Bake Shop, Steffen’s Do It Best Hardware and Belle Video. Food service is represented by five full service and one limited service restaurant, and four drinking establishments. Downtown Belle Plaine has nine shopping goods choices including four other shopping goods, two home furnishings, one apparel, one variety store, and one agricultural retailer. These shopping goods stores account for almost 38 percent of downtown’s retail establishments. Services, with 44 establishments, are a major presence in downtown representing a diversified mix of businesses. The largest categories are insurance with six offices followed by financial with five establishments. There are four auto services, personal care and medical establishments and three establishments each in personal services, professional services, and dental. Business services and real estate offices are each represented by two establishments. Lodging, entertainment/recreation, and fraternal are each represented by one establishment. At the time the business survey was conducted, there were six vacant store fronts. Downtown business establishments are contained in Table 3 at the end of this chapter. Downtown enjoys an attractive setting in the Minnesota River Valley and offers some unique shopping choices along with a variety of services. Downtown Belle Plaine’s updated and well maintained store fronts, along with the clean streets and sidewalks, makes downtown Belle Plaine an attractive retail area. Highway retail area extends along TH-169 from TH-25 to County Road 3. There are 24 retail establishments in this area including five food service (three full service and two limited service), three liquor stores, two convenience/gasoline stores, four shopping goods, three home improvement/nursery, two auto sales, two auto parts, two other equipment sales establishments, and one drug store. Service providers include five auto services, five recreation venues, four personal care and two personal service establishments. The following categories have one establishment each: business service, financial, real estate office, insurance, medical office and a lodging establishment. This area is home to the Emma Krumbee store and restaurant, which draws visitors from the Twin Cities and surrounding areas. There are five vacant stores in the Highway area. Highway business establishments are contained in Table 4 at the end of this chapter. Currently, downtown Belle Plaine and the highway area both have 24 retail stores. The highway area offers larger retail establishments. Downtown Belle Plaine has a larger concentration of shopping goods and service establishments to serve local residents and area consumers. The highway retail area serves the area’s convenience needs and also attracts TH-169 travelers. Accessibility The City of Belle Plaine is served by TH-169 which runs along Belle Plaine’s eastern boundary and is a primary route to the Twin Cities Metropolitan Area from the southwest. TH-169 is the highest volume highway in Belle Plaine extending on a southwest/northeast axis through the community. Access to areas north of the Minnesota River is provided by TH-25, which also 5 extends to the east. County Road 3 (Meridian Avenue) extends south from downtown through Belle Plaine’s newer neighborhoods. Recent changes to the intersection at TH-169 have severed convenient access to downtown from these newer residential areas. Belle Plaine High School and most of the city’s institutions are located in the vicinity of County Road 3. As a result of the intersection change, County Road 3 is no longer a through highway because it is impossible to cross TH-169. The alternative route to downtown is an inconvenient and circuitous route that adds three and one-third miles to a downtown round trip and diminishes downtown as a business location. Traffic Counts Belle Plaine benefits from through traffic on TH-169 and TH-25. Both highways provide easy access to Belle Plaine’s retail areas for local consumers, trade area residents, and visitors. Belle Plaine traffic counts are highest on TH-169 with 22,100 average daily trips north of TH-25 and 16,800 average daily trips south of TH-25, as shown on Table 2. This indicates that about 5,300 entered or left TH-169 at TH-25. Traffic counts north of TH-25 are increasing at 3.1 percent annually compared to 1.4 percent to the south. These traffic counts were recorded in 2006, prior to construction of the interchange. Table 2 BELLE PLAINE TRAFFIC COUNTS; 2000 TO 2006 Location Rate of Change 2000-06/07 2000 2006 18,400 15,500 22,100 16,800 3.1 % 1.4 TH-25 North of River Crossing North of Main St. Loredo to Walnut West of TH-169 4,600 4,600 7,000 4,700 6,800 6,300 9,000 5,700 6.7 5.4 4.3 3.3 % Main Street Walnut St. to Meridian St. 5,900 5,000 * (2.3) % Meridian Street South of TH-169 North of TH-169 Raven St. to Main St. 1,600 2,400 4,500 4,600 * 5,200 * 5,200 * 16.3 % 11.7 2.1 TH-169 North of TH-25 South of TH-25 * 2007 counts. N/A: Not Available. Source: Minnesota Department of Transportation and McComb Group, Ltd. TH-25 enters Belle Plaine from the north and turns east on Main Street and continues to TH-169. This trunk highway is the most heavily traveled local route in Belle Plaine. Traffic counts north 6 of the river were 6,800 in 2006 representing a 6.7 percent growth rate from 4,600 trips in 2000. North of Main Street, traffic counts were 6,300 in 2006, an increase of 5.4 percent annually. Main Street between Laredo and Walnut is the busiest segment of TH-25 with 9,000 trips in 2006. Traffic counts west of TH-169 were 5,700 in 2006. The segment of Main Street west of Walnut experienced a decline in traffic between 2000 and 2006. Traffic counts on Meridian Street south of TH-169 have increased dramatically since 2000, increasing from 1,600 to 4,600 average daily trips in 2007, an increase of 16.3 percent annually. The section of Meridian Street north of TH-169 increased from 2,400 average daily trips in 2000 to 5,200 average daily trips in 2007, an increase of 11.7 percent annually. Although there is no record of average daily traffic counts since the intersection was changed, it is anticipated that the counts will be significantly lower. Recent construction prevents traffic from crossing TH-169 on Meridian forcing these trips to detour on TH-169 and Main Street. This forces local trips to use TH-169 to reach downtown Belle Plaine. This has made downtown Belle Plaine less accessible to the consumers south and southwest of TH-169. This reduced access to downtown will be detrimental to the success of downtown retail as additional development occurs south of TH-169 along Meridian. 7 Table 3 DOWNTOWN BELLE PLAINE RETAIL TENANT MIX AS OF FEBRUARY 3, 2009 CONVENIENCE RETAIL Food Hubers SuperValu Ruck's Meats The Bake Shop Hardware Steffen's Do it Best Hardware Video Belle Video FOOD SERVICE Full Service Andy’s Bar & Grill Annie’s Café & Catering Nostalgic Baking Café & Bakery Pizza Plus Spare Time Tavern Limited Service Duet’s Coffee Shop Drinking Establishments Huck’s Shipwreck Saloon Johan’s Bar Neil’s Pub Neison’s Red Door Bar SHOPPING GOODS Variety/Dollar Dollar Store on the Prairie Apparel/Accessories Elsie’s Klothes Patch Furniture & Home Furnishings Berger Interiors Hennen Furniture Other Shopping Goods Golden Touch Jewelry and Repair Michelle’s Gift Store Mystic Journey’s Prairie Floral & Gifts Agricultural Retailers Prairie Farm Supply SERVICES Auto Services CRC Inc. Custom Cars Jimmy's Custom Rods Classic John's Mobil Auto & Lube Ricks Classic Interiors Personal Care Brads Barber Shop Dawn’s Salon & Tanning Its Just Me Salon Salon 129 SERVICES (Continued) Personal Services Aunt Sophie’s Dog Grooming Parlor Front Porch Photography Kolden Funeral Home Business Services Pioneer Mailroom Equipment Printing Store Laundry/Dry Cleaning Cully’s Coin Laundry Financial Curtis Koepp Accounting & Tax Daly & Daly Tax & Accounting Diversified Financial Records Fahey Sales State Bank of Belle Plaine Real Estate Chestnut Realty Edina Realty Insurance American Family Insurance (2) Farmers Insurance Group Lisa Fahey Insurance Agency Nesbit Agency Insurance The Canopy Group Medical Belle Plaine Chiropractic Belle Plaine Clinic Old World Optical River Valley Family Chiropractic Dental Anderson Orthodontics Belle Plaine Family Dentistry JABS Dentistry Entertainment/Recreation American Academy of Tae Kwon Do Professional Services Belle Plaine Herald Jaspers, Moriarty, Walburg, PA Stier Law offices Lodging Bed & Breakfast Other Services Deb’s Embroidery Riverwalk Church Ministry Center The Lutheran Home Assoc. National Ministry Office Tuxes by Theresa Fraternal Belle Plaine Vets Club Government Offices Belle Plaine Chamber of Commerce Public Library US Post Office 8 Table 4 BELLE PLAINE HIGHWAY RETAIL TENANT MIX AS OF FEBRUARY 3, 2009 CONVENIENCE RETAIL Drug Otto Drug Express & Gift Liquor 169 Spirits Little Brown Jug Liquor Store Prairie Liquor AUTOMOTIVE (continued) Auto Parts Napa Auto Parts Parts City Auto Parts SERVICES Auto Services Behneke Auto Center Co-op Tire & Auto FOOD SERVICE Foline Automotive Full Service Cindy’s Kitchen Silver Bullet Car Wash Emma Krumbee’s Restaurant Toms Body Works Mei Dong Gardens Personal Care 7 Fashion Nails Limited Service Dairy Queen Captive Tan Subway For Health & Wellness Massage Therapy Salon Bravo CONVENIENCE/GASOLINE Personal Services Rainbow Discovery Center Convenience/Gasoline BP Gas Station Wagner Funeral Home Cenex Business Services Progressive Printing and Graphics SHOPPING GOODS Financial Cornerstone State Bank of Belle Plaine Other Shopping Goods Belle Plaine Country Store Real Estate Krumbee's General Store & Floral Shop ReMax Realty Pre-Owned Merchandise Insurance Thrift Store State Farm Insurance Agricultural Retailers Medical Belle Plaine Coop/Cenex Belle Plaine Animal Hospital Entertainment/Recreation Belle Plaine Dance Company HOME IMPROVEMENT Borough Bowl Home Improvement Westerman Lumber Co Essential Health & Fitness Snap Fitness Lawn & Garden Brewery Creek Farmers Market Valley View Golf Course Krumbee's Nursery Lodging AmericInn AUTOMOTIVE Other Services Hartman Cabinets Auto Sales Belle Plaine Auto Lange’s Plumbing & Heating Belle Plaine Chevrolet Ohnsorg Truck Body Manufacturing South Storage Other Equipment Sales/Marine AG Power Enterprises - John Deere Dealership Southern Valley Alliance for Battered Women Belle Plaine Motorsports 9 Chapter II COMPETITIVE SHOPPING AREAS Belle Plaine retail and service establishments are competitive with a variety of shopping areas in the surrounding area. TH-169 highway retail in Shakopee offers a large variety of convenience retail and services and is located 20 miles northeast of Belle Plaine. New Prague is the most competitive nearby community. Le Sueur, Jordan and Norwood Young America represent competition in convenience categories. COMPETITIVE SHOPPING AREAS Competitive shopping areas provide various levels of convenience and shopping goods to residents within their trade areas. These competitive retail areas also affect the trade area for Belle Plaine. Competitive shopping areas are shown on Map 2. Tenant mix for these shopping areas, summarized in Table 3, are described below. Retail stores and services are contained in the Appendix. Map 2 BELLE PLAINE COMPETITIVE RETAIL 10 Table 5 BELLE PLAINE AND COMPETITIVE RETAIL AREAS Establishment Type Belle Plaine Southbridge Shakopee Canterbury Marschall Rd 1 1 1 3 1 2 CONVENIENCE RETAIL Food Drug Store Liquor Hardware Floral Video FOOD SERVICE Full Service Limited Service Drinking Establishments CONVENIENCE/GASOLINE Convenience/Gasoline SHOPPING GOODS General Merchandise Variety/Dollar Apparel/Accessories Furniture & Home Furnishings Electronics Other Shopping Goods Pre-Owned Merchandise Agricultural Retailers HOME IMPROVEMENT Home Improvement Lawn & Garden AUTOMOTIVE Auto/RV Sales Other Equipment Sales/Marine Auto Parts Total Retail 2 2 2 48 SERVICES Auto Services Personal Care Personal Services Business Services Laundry/Dry Cleaning Financial Real Estate Insurance Medical Dental Entertainment/Recreation Professional Services Lodging Other Services Fraternal Total Services 9 8 5 3 1 6 3 7 5 3 6 3 2 9 1 71 10 15 TOTAL 119 37 29 3 1 3 1 1 1 1 New Prague Le Sueur Jordan NorwoodYoung America 4 2 2 1 2 1 1 1 2 1 2 1 2 2 2 1 1 2 2 8 3 4 2 8 3 3 2 11 6 9 5 6 2 1 5 6 1 6 6 2 2 1 2 3 5 4 2 2 2 2 1 1 1 1 2 2 1 5 1 1 1 2 6 1 2 1 2 3 2 7 1 1 4 5 8 4 1 4 3 1 1 1 1 1 5 1 2 69 2 1 1 38 9 4 44 8 11 5 2 2 13 6 7 15 4 7 6 1 23 1 111 55 42 34 83 180 93 76 64 1 2 1 27 14 39 1 3 1 1 2 6 9 2 2 1 8 1 2 4 2 3 1 1 2 1 1 1 1 1 1 2 3 1 2 3 1 1 1 8 5 5 6 2 4 4 1 5 1 5 6 1 1 2 1 1 1 34 2 30 3 5 1 5 6 1 1 1 4 1 3 4 2 4 1 8 4 5 4 3 4 1 1 3 1 Shakopee Shakopee, located 20 miles northwest of Belle Plaine, has three retail areas that are competitive with Belle Plaine: Southbridge at TH-169 and TH-18, Canterbury at TH-169 and TH-83, and Marschall Road on TH-169. These highway-oriented areas contain a large selection of convenience and shopping goods retailers and food service establishments. 11 ♦ Southbridge at TH-169 and TH-18, with 27 retail stores and 10 service establishments, is anchored by Sam’s Club, Walmart, Michaels, Home Depot and Best Buy. Retail establishments include 13 shopping goods, ten food services, a liquor store, floral store, convenience/gasoline store, and a home improvement store. Services include three personal care providers, and one each of auto services, laundry/dry cleaning, financial, real estate, insurance, medical, and dental. ♦ Canterbury Retail Area at TH-169 and TH-83 has the fewest retail stores and service establishments of the competitive areas, but it includes Canterbury Park and big box retail such as Lowe’s, Slumberland, Ashley Furniture and Furniture Outlets USA among its 14 retail stores and 15 service establishments. Retail stores include six food services, three shopping goods stores, two convenience/gasoline, one drug store, one liquor store, and one home improvement store. Services include four medical/dental offices, three lodging facilities, two personal services, two financial providers, two entertainment/recreation establishments, one auto service and one personal care provider. ♦ Marschall Road at TH-169 has a very large concentration of convenience and shopping goods retail stores and is anchored by Cub Foods, Walgreens, Kohl’s, and Target. This retail area has 83 establishments: 39 retail stores and 44 services. Of the 39 retail stores, 13 are shopping goods, 13 food services, seven convenience goods, three convenience/gasoline, and three automotive-related retail businesses. Services represent a wide variety including nine personal care, eight financial, six auto services, six medical/dental, and three entertainment/recreation. There are two establishments each in personal services, business services, and insurance; and one each laundry/dry cleaning, real estate, professional services, and a lodging facility. New Prague New Prague, located approximately 12 miles southeast of Belle Plaine, has the largest retail concentration within Belle Plaine’s competitive area with 69 retail stores and 111 services for a total of 180 retail and service establishments. Shopping goods is the largest retail category with 23 stores including eight other shopping goods stores, five electronics, four furniture and home furnishings, four pre-owned merchandise, one general merchandise store, and one agricultural retailer. Food service includes nine limited service restaurants, six full service restaurants and five drinking establishments. Other retail stores include 12 convenience goods stores, five convenience/gasoline stores, and one home improvement store. Major service businesses in New Prague include 23 other services, 19 medical/dental offices, 13 financial and 11 personal care establishments. Other services include eight auto services, seven insurance offices, seven entertainment/recreation establishments, six real estate offices, six professional services, five personal services, two each of business services and laundry/dry cleaning establishments, one lodging facility and one fraternal establishment. Le Sueur Le Sueur is a community of about 4,300 people located approximately seven miles southwest of Belle Plaine. Le Sueur has 38 retail stores and 55 services for a total of 93 retail and service establishments. Le Sueur has fewer retail stores and services than Belle Plaine. The retail stores are primarily convenience-oriented and include a supermarket, a pharmacy, two liquor stores, a hardware store, two florists, and a video store, as well as eight restaurants and one drinking establishment, and four convenience/gasoline stores. Le Sueur has 12 shopping goods retailers 12 including ALCO, a variety store, four home furnishing stores, three electronic stores, a frame shop, a thrift store, and an agricultural retailer. Le Sueur is also home to a home improvement store, two major car dealerships, one auto parts store, and one equipment sales business. Service businesses include nine auto-related service businesses, eight financial services, eight medical/dental services, five real estate services, five insurance services, four personal care providers, four entertainment providers, four professional services and eight various other service providers. Jordan Jordan is located 7.5 miles northeast of Belle Plaine and includes 76 retail and service establishments: 34 retail stores and 42 service providers. The largest categories in Jordan are food service (12) and shopping goods stores (6) and pre-owned merchandise stores (6). In the convenience goods category, retail stores include two food stores, two liquor stores, one hardware store and one florist. There are also two convenience/gasoline stores, one auto dealership and one auto parts store. Services are represented by eight financial providers, five personal care, five insurance offices, four real estate offices, four medical offices, four entertainment/recreation establishments, and three each of auto services, dental offices, and other services. There is also one personal service establishment, one professional service and one lodging facility. Norwood Young America Norwood Young America, located 14 miles northwest of Belle Plaine, has 64 retail and service establishments. Norwood Young American contains 30 retail stores including 14 food service, six convenience goods, five shopping goods, three automotive retail establishments and two convenience/gasoline stores. Services include six personal care establishments, six medical/dental, five auto services, four financial, four entertainment/recreation, three insurance, and one each of personal services, business services, laundry/dry cleaning, real estate, professional services, and other services. NEW RETAIL DEVELOPMENT Typically, increased residential development stimulates increased commercial development; however, current economic conditions have slowed residential development and temporarily halted commercial development. As a result, surrounding communities had very little new retail development to report. New Prague has granted approval for a Walgreen’s, located near the new Coborn’s store with construction to begin in 2009. Walmart recently withdrew their plans for a new supercenter in New Prague. Shakopee recently issued a permit for a new Hampton Inn near Canterbury Park and have had conversations regarding a proposed retail development at Canterbury Park; however, nothing formal at this time. There was no other retail development reported by other communities. SUMMARY Primary competition for Belle Plaine retail and service establishments is provided by shopping centers and retail clusters in Shakopee anchored by supermarkets, discount stores and other big box retailers. Communities such as Norwood Young America, Jordan, New Prague and Le Sueur will expand their retail offerings slowly as their population increases. Business establishments in these communities, however, currently serve limited convenience needs of area consumers. 13 Chapter III BELLE PLAINE TRADE AREAS Two trade areas were delineated for Belle Plaine. The current trade area reflects the area currently served by Belle Plaine businesses, and a second representing the area that would be served by a community center anchored by a discount store, referred to as the community trade area. These trade areas, shown on Map 3, were delineated by McComb Group based on the location of competitive shopping areas, arterial road network, natural boundaries, and previous experience. Map 3 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS The current trade area includes Belle Plaine and the following townships: Faxon, San Francisco, St. Lawrence, Derrynane, Tyrone, Blakeley, Hancock, Jessenland and Washington Lake. The trade area extends south of Belle Plaine to County Road 28, west five miles to the Minnesota River, north 6.5 miles to south of County Road 50 and east five miles to Aberdeen Avenue. The current trade area covers approximately 150 square miles centered around Belle Plaine. The community trade area extends north of Belle Plaine seven miles to County Road 50, east 15 miles to County Road 23 (Panama Avenue), south 17 miles to TH-112 and west 17 miles to 431st 14 Avenue. This trade area covers approximately 670 square miles and includes the communities of: Belle Plaine, Arlington, Green Isle, Jordan, New Prague, Heidelberg, Montgomery, Le Center, Le Sueur and Henderson. In this section, demographics characteristics of the current trade area are included in the community trade area. Population and Households Population and household growth trends in Belle Plaine’s trade areas and the Minneapolis-St. Paul MSA are shown in Table 6. Since 2000, Belle Plaine’s current trade area has been growing at a faster rate than both the community trade area and the Minneapolis-St. Paul MSA. Table 6 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS AND MINNEAPOLIS-ST. PAUL MSA POPULATION AND HOUSEHOLDS 1990 AND 2000 CENSUS; 2008 AND 2013 ESTIMATED Current Trade Area Population 1990 2000 2008E 2013E Annual Growth Rate 1990-2000 2000-2008E 2008E-2013E 5,838 6,770 10,122 12,115 1.49 % 5.16 3.66 Households 1990 2000 2008E 2013E Annual Growth Rate 1990-2000 2000-2008E 2008E-2013E 1,914 2,379 3,539 4,218 2.20 % 5.09 3.57 Community Trade Area MinneapolisSt. Paul MSA 35,853 41,379 50,828 56,725 2,537,677 2,968,806 3,240,886 3,402,621 1.44 % 2.60 2.22 12,570 14,864 18,650 20,994 1.69 % 2.88 2.40 1.58 % 1.10 0.98 959,070 1,136,615 1,257,939 1,331,186 1.71 % 1.28 1.14 E: Estimated. Source: U.S. Census, Scan/US, Inc. and McComb Group, Ltd. Belle Plaine’s current trade area population increased at an annual rate of 1.49 percent from 5,838 people in 1990 to 6,770 in 2000. Current trade area population growth rate more than tripled between 2000 and 2008 increasing at a 5.16 percent annual rate bringing population to 10,122. Population is estimated to increase at an annual rate of 3.66 percent to 12,115 by 2013. Household growth has been similar, increasing at a rate of 2.20 percent between 1990 and 2000 and an annual rate of 5.09 percent from 2000 to 2008. Households are estimated to increase from 3,539 in 2008 to 4,218 by 2013, an annual growth rate of 3.57 percent. The higher growth rate in population and households during the 2000 to 2008 period is a result of new housing development in this area during the early part of this decade. 15 Belle Plaine’s community trade area population and households, contained in Table 6 also include the current trade area. Community trade area population and households are increasing at a slightly slower rate than the Belle Plaine current trade area. Between 1990 and 2000, community trade area population increased from 35,853 to 41,379, a growth rate of 1.44 percent. Over the next eight years, population increased at an annual growth rate of 2.60 percent, increasing to 50,828 in 2008. The community trade area population is five times larger than the current trade area. By 2013, community trade area population is estimated to increase to 56,725. Community trade area households have been increasing at similar rates. Community trade area households totaled 12,570 in 1990 and increased to 14,864 by 2000, an annual increase of 1.69 percent. In 2008, households were estimated at 18,650, which is also five times larger than the current trade area. Households are estimated to increase to 20,994 by 2013, an increase of 2.40 percent annually. Household density for the Belle Plaine trade areas is shown on Map 4. Household Income Average household income in Belle Plaine’s current and community trade areas and Minneapolis-St. Paul MSA is shown in Table 7. Average household income in 2008 in the current trade area was $68,246 compared to $66,433 in the community trade area and $82,167 in the Minneapolis-St. Paul MSA. It is estimated that average household incomes for these three areas will continue to increase through 2013, increasing Belle Plaine’s current trade area average household income to $76,280 in 2013 and community trade area to $74,376. Table 7 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS AND MINNEAPOLIS-ST. PAUL MSA AVERAGE AND MEDIAN HOUSEHOLD INCOME 1990 AND 2000 CENSUS; 2008 AND 2013 ESTIMATED Current Trade Area Average Household Income 1990 2000 2008E 2013E Median Household Income 1990 2000 2008E 2013E MinneapolisSt. Paul MSA Community Trade Area $ 36,836 59,606 68,246 76,280 $ 34,219 58,150 66,433 74,376 $ 43,726 67,713 82,167 91,719 $ 32,933 52,241 62,867 70,252 $ 30,195 48,533 59,465 66,053 $ 37,650 54,601 68,914 77,471 E: Estimated. Source: McComb Group, Ltd. The proportion of Belle Plaine’s trade areas households with incomes above $75,000, $100,000 and $150,000 are shown in Table 8. In 2008, households with incomes above $75,000 were 41.8 percent in the Belle Plaine’s current trade area and 35.8 percent in the community trade area. Households with incomes above $100,000 in 2008 were 19.2 percent in the current trade area and 18.1 percent in the community trade area. 16 Map 4 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS: 2013 HOUSEHOLD DENSITY Norwood Young America Shakopee Cologne Plato Glencoe Burnsv Carver Savage Hamburg Prior Lake Co Rd 14 Co Rd 50 Green Isle New Auburn L -1 US 69 Jordan Belle Plaine SR-19 New Prague Gaylord 17 SR-19 431st Ave Henderson Panama Ave SR-22 Arlington New Market Elko Heidelberg SR-19 2013 Household Density Lonsdale Current Trade Area Community Trade Area White: No Data Industrial/Park/Cemetery Density per Sq.Mi 1 - 299 Montgomery SR-112 US-16 9 Le Sueur Le Center SR-13 Map produced with Scan/US SR-112 299 - 599 599 - 999 999+ St. Peter 0 2 4 6 8 Cleveland Scale: 1" = 5.38 miles Kilkenny Fariba Kasota Copyright© 2009 by McComb Group, Ltd. 02/10/09 Table 8 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS AND MINNEAPOLIS-ST. PAUL MSA HOUSEHOLD INCOME DISTRIBUTION: 1990 AND 2000 CENSUS; 2008 AND 2013 ESTIMATED Current Trade Area Community Trade Area MinneapolisSt. Paul MSA Households above $75,000 1990 2000 2008E 2013E 4.6 % 24.7 41.8 49.6 4.2 % 21.0 35.8 42.9 11.2 % 31.5 45.5 51.9 Households above $100,000 1990 2000 2008E 2013E 1.3 % 7.7 19.2 26.9 1.7 % 8.2 18.1 24.3 5.0 % 16.9 29.4 36.1 Households above $150,000 1990 2000 2008E 2013E 0.1 % 1.6 3.1 5.9 0.4 % 2.0 4.5 7.1 1.8 % 5.9 11.5 15.5 E: Estimated. Source: McComb Group, Ltd. Belle Plaine’s community trade area has a large number of upper income households, as shown in Table 9. In 2008, 6,679 households are estimated to have incomes above $75,000, which is expected to increase to 9,000 in 2013. Households with incomes above $100,000 are estimated at 3,380 in 2008 and are expected to increase to almost 5,100 in 2013. Households with incomes above $150,000 are estimated to total almost 1,500 in 2013. This demonstrates that there are a significant number of upper income households in Belle Plaine’s trade areas. Table 9 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS AND MINNEAPOLIS-ST. PAUL MSA HOUSEHOLD INCOME DISTRIBUTION: 1990 AND 2000 CENSUS; 2008 AND 2013 ESTIMATED Current Trade Area Households above $75,000 1990 2000 2008E 2013E Households above $100,000 1990 2000 2008E 2013E Households above $150,000 1990 2000 2008E 2013E Community Trade Area MinneapolisSt. Paul MSA 84 584 1,479 2,091 512 3,117 6,679 9,001 107,670 357,670 571,933 689,879 24 182 680 1,133 206 1,225 3,380 5,094 47,903 192,041 369,898 480,118 1 39 110 249 47 304 846 1,483 17,256 67,087 144,367 205,909 E: Estimated. Source: McComb Group, Ltd. 18 Map 5 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS 2013 PERCENT OF HOUSEHOLDS WITH INCOMES ABOVE $100,000 Norwood Young America Shakopee Cologne Plato Glencoe Burnsv Carver Savage Hamburg Prior Lake Co Rd 14 Co Rd 50 Green Isle New Auburn L -1 US 69 Jordan Belle Plaine SR-19 New Prague Gaylord 19 SR-19 2013 Percent of Households 431st Ave Henderson SR-19 Lonsdale Community Trade Area 1 to 25% of HHs have Incomes Above $100,000 SR-112 75 to 100% of HHs have Incomes Above $100,000 4 6 SR-13 50 to 75% of HHs have Incomes Above $100,000 Le Center Map produced with Scan/US 25 to 50% of HHs have Incomes Above $100,000 Montgomery SR-112 US-16 9 Le Sueur White: No Data Industrial/Park/Cemetery 2 New Market Elko Heidelberg Current Trade Area 0 Panama Ave SR-22 Arlington St. Peter 8 Cleveland Scale: 1" = 5.38 miles Kilkenny Fariba Kasota Copyright© 2009 by McComb Group, Ltd. 02/10/09 Distribution of households with incomes above $100,000, shown on Map 5, demonstrates that the more affluent households are distributed throughout the area with the highest concentrations north and east of Belle Plaine in areas such as Prior Lake, Shakopee, Savage, and Chaska. Demographic Characteristics Demographic characteristics for Belle Plaine’s trade areas and Minneapolis-St. Paul MSA are summarized in the demographic snapshots contained in Tables 10, 11 and 12. These snapshots contain census data for 1990 and 2000, as well as estimates for 2008 and 2013. These estimates were provided by Scan/US, Inc., a source of demographic information. Significant characteristics of Belle Plaine’s trade areas include the following: ♦ In 2008, 28.7 percent of the population in the Belle Plaine current trade area was under the age of 19, while a similar proportion (29.2 percent) of the community trade area population was under the age of 19. By 2013, the current trade area is expected to have 28.1 percent of the population under the age of 19 and the community trade area is expected to have 28.7 percent under the age of 19. ♦ In 2008, 14.8 percent of the population in the Belle Plaine current trade area was over the age of 65, which is expected to increase to 16.7 percent by 2013. Belle Plaine’s community trade area is slightly younger, with 13.1 percent of the population over the age of 65 in 2008. This is expected to increase to 14.4 percent by 2013. ♦ By 2013, 49.6 percent of the current trade area and 42.9 percent of the community trade area households are estimated to have incomes above $75,000. ♦ Ethnic diversity is expected to continue to increase within the Belle Plaine current and community trade areas. In 1990, 99.2 percent of the population was Caucasian, however, by 2013 it is estimated that about 95 percent of the population of both trade areas will be Caucasian. Asian/Pacific Islanders and Hispanics are the fastest growing categories. ♦ Current trade area median age was 37 in 2008 and is expected to increase to 40 by 2013, which is older than the community trade area median age of 37 in 2013 and MinneapolisSt. Paul MSA median age of 38 in 2013. Additional demographic characteristics for Belle Plaine’s trade areas and Minneapolis-St. Paul MSA are contained in Appendix B. Purchasing Power Retail sales potential for the Belle Plaine trade areas are based on estimated purchasing power and market share that can be achieved from the trade areas. Retail sales from residents living outside the trade areas are inflow sales. Purchasing power estimates of trade area residents are derived from retail sales by store type as reported by the Census of Retail Trade in 1997 and 2002. Retail sales for 2003 through 2008 were estimated using information available from the U.S. Department of Commerce. Future purchasing power estimates are expressed in constant 2008 dollars and reflect projected household growth. 20 Table 10 McComb Group, Ltd. DEMOGRAPHIC AND INCOME SNAPSHOT Belle Plaine Current Trade Area SNAPSHOT Population Households Families Per Capita Income Median Household Income Average Household Income Average Household Size Median Age 6/10/2009 1990 Census 5,838 1,914 1,498 $ 12,310 $ 32,933 $ 36,836 2.96 31 2000 Census 6,770 2,379 1,763 $ 21,284 $ 52,241 $ 59,606 2.77 35 TRENDS Population Households Families Median Household Income Average Household Income 1990 - 2000 1.49 % 2.20 1.64 4.72 4.93 2008 Estimated 10,122 3,539 2,558 $ 24,794 $ 62,867 $ 68,246 2.80 37 2013 Projected 12,115 4,218 3,002 $ 27,426 $ 70,252 $ 76,280 2.82 40 Annual Percent Change 2000 - 2008 5.16 % 5.09 4.76 2.34 1.71 2008 - 2013 3.66 % 3.57 3.26 2.25 2.25 HOUSEHOLDS BY INCOME Less than $15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 + 1990 Census Number Percent 311 16.8 % 367 19.8 338 18.3 407 22.0 343 18.6 60 3.3 23 1.2 1 0.1 2000 Census Number Percent 262 11.0 % 210 8.9 231 9.8 378 15.9 704 29.7 402 17.0 143 6.1 39 1.6 2008 Estimated Number Percent 257 7.3 % 257 7.3 263 7.4 476 13.5 798 22.6 799 22.6 570 16.1 110 3.1 2013 Projected Number Percent 263 6.3 % 248 5.9 265 6.3 480 11.4 865 20.5 958 22.7 884 21.0 249 5.9 POPULATION BY AGE <19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+ Number 1,964 343 966 744 560 476 405 381 NA Percent 33.6 % 5.9 16.5 12.7 9.6 8.2 6.9 6.5 NA Number 2,236 300 902 1,243 797 477 396 289 127 Percent 33.0 % 4.4 13.3 18.4 11.8 7.0 5.9 4.3 1.9 Number 2,901 629 1,292 1,507 1,353 952 808 462 219 Percent 28.7 % 6.2 12.8 14.9 13.4 9.4 8.0 4.6 2.2 Number 3,403 707 1,264 1,605 1,708 1,399 1,177 622 231 Percent 28.1 % 5.8 10.4 13.2 14.1 11.5 9.7 5.1 1.9 RACE AND ETHNICITY White Black Native American Asian/Pacific Islander Other Races Number 5,789 1 20 26 2 Percent 99.2 % 0.0 0.3 0.4 0.0 Number 6,614 6 20 42 87 Percent 97.7 % 0.1 0.3 0.6 1.3 Number 9,711 74 46 234 55 Percent 95.9 % 0.7 0.5 2.3 0.5 Number 11,516 128 65 377 29 Percent 95.1 % 1.1 0.5 3.1 0.2 Hispanic (Any Race) 17 0.3 79 Source: U.S. Census, Scan/US, Inc. and McComb Group, Ltd. 21 1.2 204 2.0 285 2.3 Table 11 McComb Group, Ltd. DEMOGRAPHIC AND INCOME SNAPSHOT Belle Plaine Community Trade Area SNAPSHOT Population Households Families Per Capita Income Median Household Income Average Household Income Average Household Size Median Age 6/10/2009 1990 Census 35,853 12,570 9,483 $ 12,096 $ 30,195 $ 34,219 2.79 33 2000 Census 41,379 14,864 10,856 $ 21,083 $ 48,533 $ 58,150 2.74 35 TRENDS Population Households Families Median Household Income Average Household Income 1990 - 2000 1.44 % 1.69 1.36 4.86 5.45 2008 Estimated 50,828 18,650 13,356 $ 24,831 $ 59,465 $ 66,433 2.69 36 2013 Projected 56,725 20,994 14,871 $ 27,983 $ 66,053 $ 74,376 2.67 37 Annual Percent Change 2000 - 2008 2.60 % 2.88 2.62 2.57 1.68 2008 - 2013 2.22 % 2.40 2.17 2.12 2.28 HOUSEHOLDS BY INCOME Less than $15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 + 1990 Census Number Percent 2,695 22.0 % 2,315 18.9 2,281 18.6 2,714 22.2 1,730 14.1 306 2.5 159 1.3 47 0.4 2000 Census Number Percent 1,744 11.8 % 1,632 11.0 1,664 11.2 2,643 17.8 4,024 27.1 1,892 12.8 921 6.2 304 2.0 2008 Estimated Number Percent 1,642 8.8 % 1,585 8.5 1,650 8.9 2,563 13.8 4,486 24.1 3,299 17.7 2,534 13.6 846 4.5 2013 Projected Number Percent 1,639 7.8 % 1,454 6.9 1,654 7.9 2,571 12.3 4,652 22.2 3,907 18.6 3,611 17.2 1,483 7.1 POPULATION BY AGE <19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+ Number 11,651 2,014 5,707 4,791 3,540 2,919 2,595 2,583 NA Percent 32.5 % 5.6 15.9 13.4 9.9 8.2 7.2 7.2 NA Number 13,827 1,952 5,181 7,309 4,943 3,161 2,376 1,790 810 Percent 33.4 % 4.7 12.5 17.7 12.0 7.6 5.7 4.3 2.0 Number 14,826 3,443 6,567 7,331 6,946 5,042 3,371 2,127 1,157 Percent 29.2 % 6.8 12.9 14.4 13.7 9.9 6.6 4.2 2.3 Number 16,257 3,672 6,805 7,390 7,795 6,613 4,504 2,550 1,125 Percent 28.7 % 6.5 12.0 13.0 13.7 11.7 7.9 4.5 2.0 RACE AND ETHNICITY White Black Native American Asian/Pacific Islander Other Races Number 35,577 23 70 128 56 Percent 99.2 % 0.1 0.2 0.4 0.2 Number 39,983 80 101 138 1,077 Percent 96.6 % 0.2 0.2 0.3 2.6 Number 48,744 339 165 621 958 Percent 95.9 % 0.7 0.3 1.2 1.9 Number 54,043 524 205 959 992 Percent 95.3 % 0.9 0.4 1.7 1.7 Hispanic (Any Race) 182 0.5 1,546 Source: U.S. Census, Scan/US, Inc. and McComb Group, Ltd. 22 3.7 2,257 4.4 2,703 4.8 Table 12 McComb Group, Ltd. DEMOGRAPHIC AND INCOME SNAPSHOT Minneapolis-St. Paul MSA SNAPSHOT Population Households Families Per Capita Income Median Household Income Average Household Income Average Household Size Median Age 6/10/2009 1990 Census 2,537,677 959,070 648,159 $ 16,667 $ 37,650 $ 43,726 2.59 32 2000 Census 2,968,806 1,136,615 744,303 $ 26,641 $ 54,601 $ 67,713 2.56 34 TRENDS Population Households Families Median Household Income Average Household Income 2008 Estimated 3,240,886 1,257,939 802,833 $ 32,732 $ 68,914 $ 82,167 2.52 37 2013 Projected 3,402,621 1,331,186 835,600 $ 36,804 $ 77,471 $ 91,719 2.50 38 1990 - 2000 1.58 % 1.71 1.39 3.79 4.47 Annual Percent Change 2000 - 2008 1.10 % 1.28 0.95 2.95 2.45 2008 - 2013 0.98 % 1.14 0.80 2.37 2.22 HOUSEHOLDS BY INCOME Less than $15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 + 1990 Census Number Percent 158,154 16.5 % 145,153 15.2 151,215 15.8 206,404 21.6 188,607 19.7 59,767 6.2 30,647 3.2 17,256 1.8 2000 Census Number Percent 104,519 9.2 % 104,638 9.2 125,123 11.0 179,335 15.8 265,330 23.3 165,629 14.6 124,954 11.0 67,087 5.9 2008 Estimated Number Percent 79,388 6.3 % 87,079 6.9 100,158 8.0 164,113 13.0 255,268 20.3 202,035 16.1 225,531 17.9 144,367 11.5 2013 Projected Number Percent 73,541 5.5 % 73,714 5.5 90,894 6.8 153,220 11.5 249,938 18.8 209,761 15.8 274,209 20.6 205,909 15.5 POPULATION BY AGE <19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+ Number 737,005 193,287 510,323 414,646 252,397 180,054 138,743 111,076 NA Percent 29.0 % 7.6 20.1 16.3 9.9 7.1 5.5 4.4 NA Number 873,680 193,790 457,105 528,024 405,724 225,540 145,808 100,485 38,650 Percent 29.4 % 6.5 15.4 17.8 13.7 7.6 4.9 3.4 1.3 Number 903,419 215,101 427,683 493,408 509,681 357,268 180,663 105,791 47,872 Percent 27.9 % 6.6 13.2 15.2 15.7 11.0 5.6 3.3 1.5 Number 927,156 227,022 429,651 455,647 522,092 439,142 241,769 114,610 45,532 Percent 27.2 % 6.7 12.6 13.4 15.3 12.9 7.1 3.4 1.3 Number 2,342,781 90,055 24,248 65,582 15,011 Percent 92.3 % 3.5 1.0 2.6 0.6 Number 2,556,851 157,963 21,590 124,025 108,377 Percent 86.1 % 5.3 0.7 4.2 3.7 Number 2,694,518 225,712 16,236 171,412 133,008 Percent 83.1 % 7.0 0.5 5.3 4.1 Number 2,772,352 267,653 13,807 200,622 148,187 Percent 81.5 % 7.9 0.4 5.9 4.4 RACE AND ETHNICITY White Black Native American Asian/Pacific Islander Other Races Hispanic (Any Race) 37,820 1.5 99,121 3.3 Source: U.S. Census, Scan/US, Inc. and McComb Group, Ltd 23 154,944 4.8 189,690 5.6 Purchasing power is based on the number of trade area households adjusted to reflect income characteristics. Purchasing power, for the purpose of this analysis, includes retail categories that are characteristic of tenants that could be located in Belle Plaine. Estimated retail purchasing power summary tables for the Belle Plaine trade areas for 2008, 2010 and 2015 are shown in Table 13. The purchasing power estimates used in this analysis are condensed from the full purchasing power tables, which are contained in a separate Appendix. These estimates represent the potential dollar sales for a broad range of retail stores generated by residents of each trade area. Table 13 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS RETAIL PURCHASING POWER; 2008 TO 2015 (In Thousands of Constant 2008 Dollars) Merchandise Category 2008 Current Trade Area Shopping Goods Food Service & Drinking Convenience Goods Gasoline Service Stations & Convenience Other Stores Total Community Trade Area Shopping Goods Food Service & Drinking Convenience Goods Gasoline Service Stations & Convenience Other Stores Total 2010 2015 $ 34,339 12,912 25,276 9,903 43,741 $ 126,171 $ 37,942 14,268 27,930 10,942 48,335 $ 139,417 $ 50,155 18,861 36,921 14,465 63,895 $ 184,297 $ 171,393 64,450 126,166 49,430 218,330 $ 629,769 $ 185,135 69,620 136,285 53,394 235,840 $ 680,274 $ 226,614 85,219 166,815 65,356 288,675 $ 832,679 Source: McComb Group, Ltd. Total purchasing power for Belle Plaine’s current trade area was estimated at $126.2 million in 2008 and is expected to increase to $139.4 million by 2010, an annual growth rate of 5.1 percent in constant 2008 dollars. It is estimated that by 2015, trade area purchasing power will be over $184.3 million. Purchasing power for shopping goods in this trade area is expected to increase from $34.3 million in 2008 to $37.9 million in 2010, further increasing to $50.2 million by 2015. Convenience goods purchasing power for this trade area was $25.3 million in 2008, estimated to increase to $27.9 million in 2010 and potentially to over $36.9 million by 2015. Belle Plaine’s community trade area purchasing power is increasing at a 4.1 percent annual growth rate in constant 2008 dollars, increasing from a total purchasing power of $629.8 million in 2008 to $832.7 by 2015. Shopping goods purchasing power, estimated at $171.4 million in 2008, is anticipated to increase to over $185.1 million in 2010, expanding to over $226.6 million by 2015. Estimates indicate that convenience goods purchasing power was $126.2 million in 2008 and is likely to increase to $166.8 million by 2015. 24 Chapter IV BELLE PLAINE RETAIL SALES AND MARKET SHARE Future sales potential is based on market share that can be achieved by Belle Plaine retail stores taking into consideration trade area households, future growth and potential competitive developments. Market share estimates for Belle Plaine are based on analysis conducted as part of this engagement, which included 1997 and 2002 retail and service sales in Belle Plaine and McComb Group knowledge of the Twin Cities retail market. Retail Sales Limited retail sales information is available for Belle Plaine from the U.S. Census of Retail Trade for 1997 and 2002, the latest information available. The Retail Census reported sales for 23 retailers in each year and a modest decline in retail sales from $41.0 million to $40.2 million, as shown in Table 14. Food and beverage sales increased from $3.8 million in 1997 to $4.7 million in 2002, an annual growth rate of 4.1 percent. The number of gasoline/convenience stores declined from four to three and sales decreased from $8.5 million in 1997 to $5.2 million in 2002. Health care and social assistance increased dramatically from $1.8 million in 1997 to $14.5 million in 2002 as the number of establishments increased from eight to thirteen. Table 14 BELLE PLAINE RETAIL ESTABLISHMENTS AND SALES: 1997 AND 2002 Store Type Est. 1997 Sales Est. 2002 Sales 1997-2002 Change Retail Trade Food and Beverage Stores Gasoline Stations Building Material and Garden Equipment and Supplies Dealers 23 5 4 5 41,030 3,848 8,468 19,032 23 7 3 NA 40,177 4,694 5,203 NA Accommodation and Food Services Food Services and Drinking Places 8 3,695 NA 9 NA 4,996 NA NA Health care and social assistance 8 1,832 13 14,557 51.4 (0.4) % 4.1 (9.3) NA NA: Not Available. Source: U.S. Census of Retail Trade. Market Share Market share for Belle Plaine retail and service establishments in 2002 is estimated in Table 15, which also contains Belle Plaine retail and service sales for 2002. Purchasing power was calculated by McComb Group. Retail sales derived from Belle Plaine’s trade area were estimated for each retail category to determine trade area sales and market share as a percent of purchasing power. Food and beverage sales of $4.7 million were allocated between food stores and liquor stores by McComb Group. Food store sales were estimated at $3.8 million with 90 percent from the trade area resulting in $3.5 million from the trade area for a market share of 33 percent. Liquor stores retail sales were estimated at $830,000 with 90 percent of the sales from the trade area. This results in trade area sales of $747,000; which is a market share of 55.3 25 percent of estimated purchasing power of $1.3 million. Inflow sales, about $83,000, are derived from shoppers living outside the trade area. Food service trade area sales were estimated at about 65 percent or $3.2 million for a 40 percent market share. Gasoline/convenience store trade area sales were estimated at $3.6 million, representing a 59 percent market share. Table 15 BELLE PLAINE RETAIL SALES AND MARKET SHARE; 2002 Store Type Purchasing Power Retail Sales Trade Area Share Trade Area Sales Market Share Food & Beverage Stores Food Stores Liquor Stores $ 11,819 10,467 1,352 $ 4,694 3,864 E 830 E 90 % $ 4,225 90 3,478 90 747 35.7 % 33.2 55.3 Food Service $ 8,086 $ 4,996 65 % $ 3,247 40.2 % Gasoline/Convenience $ 6,206 $ 5,203 70 % $ 3,642 58.7 % E: Estimated. Source: U.S. Department of Commerce and McComb Group, Ltd. Future retail and service sales potential for Belle Plaine is based on market share that can be achieved taking into consideration past trends in Belle Plaine, trade area households, future growth, and potential competitive developments. Market share estimates are based on analysis conducted as part of this engagement, McComb Group’s knowledge of the Twin Cities area retail market, and assumptions contained in Table 16. Market share was estimated for each retail and service category taking into consideration past market share performance of Belle Plaine retail stores, trade area size, competitive store locations, and industry experience. Two estimates of market share and trade area sales were prepared: one for the current trade area representing Belle Plaine’s primary trade area; and a second representing a community trade area anchored by a discount store. Using the convenience goods category for the current trade area as an example, market share is estimated at 65 to 75 percent with 85 to 90 percent of the sales derived from the trade area. Food service market share is estimated at 65 percent with 70 percent of the sales being derived from the trade area. In the shopping goods category, market share ranges from 15 to 75 percent with trade area sales of 70 to 85 percent depending on store category. Building materials market share is 50 percent and 65 percent for auto parts with 90 percent of the sales being derived from the trade area. Market share in services is estimated at 75 percent with 90 percent of the sales derived from the trade area, and health care is estimated at 50 percent with 85 percent of the sales from the trade area. 26 Table 16 BELLE PLAINE FUTURE MARKET SHARE AND TRADE AREA SALES Store Type Current Market Trade Area Share Sales Community Market Trade Area Share Sales Convenience Goods Supermarkets Other Food Stores Drug & Proprietary Liquor Hardware Stores 70 % 75 75 65 65 85 % 90 85 85 85 45 % 25 25 25 25 90 % 90 90 90 90 Food Service Full Service Limited Service 65 % 65 70 % 70 25 % 25 90 % 90 Gasoline/Convenience Stores 60 % 70 % 20 % 70 % 25-75 % 15 15 15 15 75-85 % 70 70 70 70 25-70 % 20 20 20 20 85 % 85 85 85 85 Other Retail Stores Building Materials Auto Parts & Accessories 50 % 65 90 % 90 25-50 % 15 85 % 85 Services 75 % 90 % 15-25 % 90 % Health Care 50 % 85 % 20 % 95 % Shopping Goods General Merchandise Apparel & Accessories Furniture & Home Furnishings Electronics & Appliances Stores Other Shopping Goods Source: McComb Group, Ltd. Current trade area market share is higher than the community trade area due to a smaller trade area and less competition. The larger community trade area provides market potential for a community shopping area anchored by a discount store. Estimated market share is lower and percent of sales from the trade area is higher than for the current trade area. This is the result of a larger trade area with more competitive stores inside or near the trade area borders. In the convenience goods category, market share is estimated at 25 to 45 percent with 90 percent of the sales derived from the trade area. Food service and gasoline/convenience store market share is 25 percent and 20 percent, respectively, with 90 percent of the food service sales from the trade area and 70 percent of the gasoline/convenience store sales. In the shopping goods category, general merchandise stores are estimated to derive 85 percent of their sales from the trade area with a 25 to 70 percent market share. Market share for apparel and accessories, furniture and home furnishings and other shopping goods stores are estimated at 20 percent with 85 percent of sales derived from the trade area. Other retail stores market share ranges from 15 to 50 percent with 85 percent of the sales derived from the trade area. Services market share is 15 to 25 27 percent with 90 percent of sales derived from the trade area. Health care market share is estimated at 20 percent with 95 percent of sales from the trade area. Sales Potential Estimated retail and service space demand is a two-step process. Sales potential for each retail or service category is estimated first to determine if retail sales are sufficient to support a store. Next, store size is determined based on sales productivity and typical store size for each category. This methodology is illustrated for 2010 in Tables 17 and 18. These tables use convenience goods stores as an example to illustrate how supportable square footage of retail stores and services is determined. Using supermarkets as an example, resident purchasing power in the current trade area in 2010 is estimated at $17.6 million as shown in Table 17. Market share of 70 percent results in $12.3 million in trade area sales. Adding inflow sales of $2.2 million, results in total estimated sales of about $14.5 million. Estimated sales potential is about $1.8 million for liquor stores and $4.8 million for drug and proprietary stores. Discount store sales potential is too small to support either a Walmart or Target store. Table 17 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS RETAIL PURCHASING POWER, MARKET SHARE AND SALES POTENTIAL; 2010 BY MERCHANDISE CATEGORY (In Thousands of Dollars) Merchandise Category Resident Purchasing Power Estimated Market Share Trade Area Sales Trade Area Percent Other Shoppers Estimated Total Sales Current Trade Area Supermarkets Drug & Proprietary Stores Hardware Liquor Discount Stores Supercenters $ 17,632 5,516 954 2,384 10,118 954 70.0 % $ 12,342 75.0 4,137 65.0 620 65.0 1,550 75.0 7,589 75.0 716 85 85 85 85 75 75 % $ 2,178 730 109 274 2,530 239 $ 14,520 4,867 729 1,824 10,119 955 Community Trade Areas Supermarkets Drug & Proprietary Stores Hardware Liquor Discount Stores Supercenters $ 86,035 26,917 4,654 11,635 49,369 4,654 45.0 % $ 38,716 20.0 5,383 10.0 465 15.0 1,745 50.0 24,685 50.0 2,327 90 90 90 90 85 85 % $ 4,302 598 52 197 4,356 411 $ 43,018 5,981 517 1,939 29,041 2,738 Source: McComb Group, Ltd. Sales potential for a community shopping area is supported by sales potential from the community trade area. Discount store purchasing power is $49.4 million compared to $86.0 million for supermarkets. Discount store market share is estimated at 50 percent with 85 percent of the sales derived from the trade area. This results in sales potential of $29.0 million. 28 Supermarket market share is estimated at 45 percent, which includes the grocery component of a superstore. Sales potential is $43.0 million, which is $28.5 million greater than supermarket sales potential based on the current trade area. This demonstrates how a discount store or supercenter expands sales potential by expanding the trade area. The same approach is used for other retail and service categories. Sales potential for other retail stores and services is contained in the Appendix (under separate cover). Supportable gross leasable area (GLA) for retail stores is estimated by dividing sales potential by sales per square foot productivity appropriate for each store. Supportable GLA for supermarkets is based on sales potential of $14.5 million divided by $400 per square foot, resulting in supportable square footage of 36,300 square feet, as shown in Table 18. Supportable GLA for supermarkets in the community trade area is 107,500 square feet, which could include the grocery department of a supercenter. Discount store supportable space is 116,000 square feet, which is about the size of the typical discount store without a large grocery department. Supportable store space increases for other categories due to the larger trade area and additional shoppers attracted by a discount store. Table 18 BELLE PLAINE CURRENT AND COMMUNITY TRADE AREAS RETAIL SALES POTENTIAL AND SUPPORTABLE SPACE, 2010 BY MERCHANDISE CATEGORY Category Estimated Sales Potential Sales Per Sq. Ft. Supportable Square Feet Median Store Size Current Trade Area Supermarkets Drug & Proprietary Stores Hardware Liquor Discount Stores Supercenters $ 14,520,000 4,867,000 729,000 1,824,000 10,119,000 955,000 $ 400 460 185 375 250 450 36,300 10,580 3,941 4,864 40,476 2,122 52,500 11,700 7,857 2,900 110,000 185,000 Community Trade Areas Supermarkets Drug & Proprietary Stores Hardware Liquor Discount Stores Supercenters $ 43,018,000 5,981,000 517,000 1,939,000 29,041,000 2,738,000 $ 400 460 185 375 250 450 107,545 13,002 2,795 5,171 116,164 6,084 52,500 11,700 7,857 2,900 110,000 185,000 Source: McComb Group, Ltd. The last column in this table contains the median store size from Dollars & Cents of Shopping Centers, published by the Urban Land Institute, for each store type. Median store size indicates a typical size for a store in each retail category. To the extent that supportable square footage is about the same as the median store size or larger, sales potential exists to support that store type. 29 Complete tables showing supportable square footage by retail and service category for each target year are contained in the Appendix. Retail gross leasable area (GLA) supported by estimated sales potential for each retail store category is based on estimated sales per square foot (in 2008 dollars) by store type. Sales per square foot estimates are derived from median store sales per square foot for each tenant type contained in Dollars & Cents of Shopping Centers, 2008. Supportable GLA is calculated by dividing sales potential by sales per square foot. This analysis was used to provide an estimate of the supportable square footage in each retail store category. The detailed tables resulting from these calculations are contained in Appendix D and E for 2010 and 2015. The results of this analysis are summarized in Chapter V. 30 Chapter V RETAIL AND SERVICE POTENTIAL Belle Plaine is a rapidly growing community located in the southwest Minneapolis-St. Paul Metropolitan Area. Factors that support retail development in Belle Plaine include: ♦ Belle Plaine’s current trade area population increased at a 5.2 percent annual growth rate between 2000 and 2008 to 10,122. ♦ Current trade area population is estimated to increase to 12,115 in 2013, a 3.7 percent annual growth rate. ♦ Current trade area households increased from 2,379 in 2000 to 3,539 in 2008, an annual growth rate of 5.1 percent. ♦ Households are estimated to reach over 4,200 in 2013, a 3.6 percent annual growth rate. ♦ Average household income was $68,246 in 2008 and is estimated to increase to $76,280 in 2013. ♦ Twenty percent of current trade area households had incomes above $100,000 in 2008 and are estimated to increase to 27 percent in 2013. Belle Plaine’s location between Shakopee and Mankato and available vacant land with convenience access served by a new interchange on TH-169 creates the opportunity for a community scale retail area anchored by a discount store with a larger trade area. Characteristics of this larger community trade area include: ♦ Trade area population increased by 9,449 between 2000 and 2008, at an annual growth rate of 2.6 percent. ♦ Trade area population in 2008 was estimated at 50,828, five times larger than Belle Plaine’s current trade area. ♦ Trade area population is expected to increase to 56,725 in 2013, a 2.2 percent annual growth rate. ♦ Households were estimated at 18,650 in 2008 and are estimated to increase to 21,000 in 2013, almost five times the current trade area households. ♦ Average household income was $66,433 in 2008 and is estimated to increase to $74,376 in 2013. ♦ Households with incomes above $100,000 were estimated at 3,380 in 2008 and are expected to increase by 50 percent to almost 5,100 in 2013. Belle Plaine’s many positive attributes and trade area growth provide support for expanded retail stores, restaurants and services. 31 Retail Potential Estimated supportable square feet by retail store and services type for 2010 and 2015 in Belle Plaine for the current trade area and community trade area are contained in Tables 19 and 20 at the end of this chapter. Supportable square feet increase rapidly due to trade area growth. These tables also contain the range of store size in square feet of gross leasable area from Dollars & Cents of Shopping Centers. For most categories, the median store size is bracketed by high and low square feet. The low represents the smallest size store that is likely to be economically viable. In most situations, stores of less than 1,200 square feet are not feasible unless sales per square foot are above average. These tables represent total supportable square feet, which also includes existing stores, if any, in each category. Existing store space should be deducted to determine demand for additional stores. Supportable square footage for the current trade area confirms support for a supermarket, as shown in Table 19. Market demand exists for additional full service and limited service restaurants, as well as another convenience store with gasoline. This demand will be met by Kwik Trip. Discount store potential is too small to support a store. Belle Plaine appears to have most of the stores and services that are consistent with current trade area sales potential. Most existing store categories in Belle Plaine will support an expanded store or an additional store in 2015. The community trade area, anchored by a discount store, will support a larger number of stores, as shown in Table 20. The larger trade area and additional customer traffic created by a discount store increases supportable square space and the number of stores that can locate in Belle Plaine. The community trade area can support either a conventional discount store or a superstore (including a grocery department). Sales potential for a supermarket also increases because of the increased trade area. Supportable square footage for all categories and the number of categories expands. There is market potential for a national drug store and an additional liquor store. Sales potential in 2015 will support a home center such as Home Depot, Menards or Lowes. In the shopping goods category, support exists for women and family clothing and family shoes combined with athletic footwear. Sales potential will support additional furniture and home furnishings stores, as well as a number of other shopping goods stores. Demand for services and medical office also expand. 32 Table 19 BELLE PLAINE CURRENT TRADE AREA SUPPORTABLE SPACE, 2010 AND 2015 BY MERCHANDISE CATEGORY (Gross Leasable Area) Merchandise Category Store Size Median 2010 2015 High Low Food Stores Supermarkets Specialty food stores 36,300 1,770 47,988 2,345 69,462 52,419 2,400 31,245 Other Convenience Goods Drug & proprietary stores Hardware Liquor Florist 10,580 3,941 4,864 1,868 13,987 5,216 6,429 2,463 23,714 27,743 7,210 5,396 11,700 13,831 2,856 1,600 8,280 5,638 1,305 766 Food Service Full-service restaurants Limited service restaurants Snack & beverage places 16,489 10,950 2,450 21,797 14,475 3,237 9,775 3,000 2,495 4,500 3,400 1,500 2,000 1,335 850 2,364 3,124 6,014 7,949 6,571 2,400 1,451 40,476 2,257 53,500 2,980 127,987 44,446 92,681 2,526 70,000 1,789 19,827 1,670 7,130 26,213 2,210 9,420 7,635 2,935 10,090 3,870 CONVENIENCE GOODS Drinking Places Gasoline Svs Stations/Conv. Gas/Convenience food stores 2,750 SHOPPING GOODS Discount stores Radio, tv & electronics stores OTHER RETAIL STORES Building Materials & Garden Supplies Other building materials dealers Outdoor power equipment Retail nurseries, lawn & garden Motor Vehicles & Parts Dealers Auto parts & accessories stores Tire dealers 33 N/A N/A 15,000 13,000 5,000 6,500 2,500 2,232 1,500 Table 19 (continued) BELLE PLAINE CURRENT TRADE AREA SUPPORTABLE SPACE, 2010 AND 2015 BY SERVICES CATEGORY (Gross Leasable Area) Category 2010 2015 High Store Size Median Low Personal Care Services Barber shops Beauty Shops Nail salons 155 5,205 527 205 6,884 691 1,422 3,480 1,807 788 1,400 1,200 455 900 773 Drycleaning & Laundry Services Coin-operated laundries & drycleaners Drycleaning & laundry services (except coin-op.) 2,050 1,820 2,717 2,413 3,734 2,731 2,024 1,608 1,222 1,038 Other Personal Services Child Day Care Services Photographic Studios Veteranarian Services Pet Care 9,460 1,076 2,631 1,187 12,490 1,422 3,476 1,560 7,495 2,550 2,701 5,050 1,866 2,122 1,200 3,059 990 1,346 Recreation Physical fitness facilites 12,363 16,350 32,170 6,448 1,433 Professional Services Offices of real estate agents & brokers 10,787 14,260 6,264 2,092 711 9,275 5,410 1,655 795 995 12,255 7,150 2,190 1,050 1,310 10,624 6,200 2,400 13,351 7,547 1,740 616 17,646 9,972 2,296 816 4,008 1,652 1,700 1,600 1,620 969 Automotive Repair and Maintenance General automotive repair Paint or body repair shops Automotive glass replacement Automotive oil change & lubrication shops Carwashes Health Care Offices of physicians Offices of dentists Offices of chiropractors Offices of optometrists Source: McComb Group, Ltd. 34 4,347 1,074 Table 20 BELLE PLAINE COMMUNITY TRADE AREA SUPPORTABLE SPACE BY MERCHANDISE CATEGORY (Gross Leasable Area) Merchandise Category High Store Size Median 2010 2015 Low 0 107,545 1,260 2,305 0 131,635 1,540 2,820 65,888 69,462 52,500 52,419 2,085 2,400 31,676 31,245 Other Convenience Goods Drug & proprietary stores Hardware Liquor Florist 16,254 6,989 8,619 3,311 19,896 8,551 10,549 4,053 23,714 27,743 7,210 5,396 11,700 13,831 2,856 1,600 8,280 5,638 1,305 766 Food Service Full-service restaurants Limited service restaurants Snack & beverage places 24,072 15,985 3,320 29,464 19,568 4,063 9,775 3,000 2,495 4,500 3,400 1,500 2,000 1,335 850 Gasoline Svs Stations/Conv. Gas/Convenience food stores 9,781 11,971 6,571 2,400 1,451 28,960 3,044 61,458 35,449 3,724 75,227 135,833 5,028 95,173 3,533 N/A 8,981 2,348 4,070 17,390 4,990 21,280 15,170 5,830 18,565 7,135 CONVENIENCE GOODS Food Stores Grocery stores Supermarkets Convenience food Specialty food stores OTHER RETAIL STORES Building Materials & Garden Supplies Building materials & supplies stores Home centers Paint, glass & wallpaper Other building materials dealers Lawn & garden equipment Outdoor power equipment Retail nurseries, lawn & garden Motor Vehicles & Parts Dealers Auto parts & accessories stores Tire dealers 35 N/A 15,000 13,000 5,000 6,500 2,500 2,232 1,500 Table 20 (continued) BELLE PLAINE COMMUNITY TRADE AREA SUPPORTABLE SPACE BY MERCHANDISE CATEGORY (Gross Leasable Area) Merchandise Category High Store Size Median 2010 2015 Low 116,164 25,029 142,188 30,634 127,987 192,195 92,681 104,560 70,000 51,125 6,084 5,172 7,449 6,328 150,000 11,212 185,000 8,400 225,000 3,200 6,435 11,723 1,509 7,875 14,354 1,845 8,740 28,228 8,234 4,200 8,000 2,300 2,074 2,374 1,060 2,880 1,349 3,514 1,651 10,234 11,314 3,388 3,284 2,021 1,535 9,735 5,720 6,766 11,915 7,000 8,280 36,712 7,819 6,500 7,927 3,593 3,570 3,108 1,229 2,868 Electronics & Appliances Stores Radio, tv & electronics stores 12,087 Computers and SoftwareMusic, computers & other e 1,760 14,793 2,153 44,446 25,600 2,526 3,388 1,789 997 Other Shopping Goods Sporting goods General Line Sporting Gds. Specialty Line Sporting Gds. Book stores & newsdealers Stationery Stores and Office Supply Jewelry stores Hobby, toy & game Gift, novelty & souvenirs Sewing, needlework & piece goods Pet stores Optical goods stores 11,595 4,980 5,876 4,638 2,947 3,843 5,177 7,727 4,530 3,355 1,876 44,116 28,128 1,097 29,974 2,247 3,410 25,861 7,015 19,299 12,398 4,068 7,500 5,850 2,449 4,542 1,033 1,450 4,050 4,422 12,202 3,200 1,561 2,238 3,765 4,356 2,428 585 790 1,604 2,369 2,678 1,847 885 SHOPPING GOODS General Merchandise Department stores (Incl. leased depts.) Discount stores Department Stores Other general merchandise stores Warehouse Clubs and Supercenters Miscellaneous general mdse. Apparel & Accessories Clothing Stores Womens clothing Family clothing Other clothing stores Shoe Stores Family shoe stores Athletic footwear Furniture & Home Furnishings Furniture Floor coverings All other home furnishings stores 9,470 4,070 4,800 3,794 2,405 3,142 4,229 6,313 3,690 2,735 1,531 36 Table 20 (continued) BELLE PLAINE COMMUNITY TRADE AREA SUPPORTABLE SPACE BY SERVICES CATEGORY (Gross Leasable Area) Category 2010 2015 High Store Size Median Low Personal Care Services Barber shops Beauty Shops Nail salons 190 6,332 636 220 7,574 755 1,422 3,480 1,807 788 1,400 1,200 455 900 773 Drycleaning & Laundry Services Coin-operated laundries & drycleaners Drycleaning & laundry services (except coin-op.) 2,500 2,220 3,000 2,653 3,734 2,731 2,024 1,608 1,222 1,038 Other Personal Services Child Day Care Services Photographic Studios Veteranarian Services Pet Care 14,380 1,636 4,000 1,787 17,190 1,956 4,787 2,147 7,495 2,550 2,701 5,050 1,866 2,122 1,200 3,059 990 1,346 Rental and Leasing Video tape and disc rental 2,455 2,935 7,341 5,836 3,740 Recreation Bowling Centers Physical fitness facilites 2,973 19,913 3,564 23,813 N/A 32,170 N/A 6,448 N/A 1,433 Professional Services 17,380 20,777 6,264 2,092 711 Automotive Repair and Maintenance General automotive repair Paint or body repair shops Automotive glass replacement Automotive oil change & lubrication shops 11,590 8,230 2,520 1,210 13,855 9,840 3,010 1,445 10,624 6,200 2,400 Health Care Offices of physicians Offices of physicians (except mental health specialists) Offices of dentists Offices of chiropractors Offices of optometrists Physical & occupational therapists 21,814 8,218 1,896 672 1,508 26,077 9,825 2,264 804 1,804 4,008 1,652 1,700 1,600 1,620 1,600 969 Source: McComb Group, Ltd. 37 4,347 1,074