2020-2021 Grounds For Development

2020 - 2021

GROUNDS FOR DEVELOPMENT FOURTH-LARGEST CITY IN OKLAHOMA

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Retailers in Broken Arrow

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Broken Arrow Demographics

POPULATION: 113,716

MEDIAN HOUSEHOLD INCOME: $69,377

FOURTH-LARGEST CITY IN OKLAHOMA

UNEMPLOYMENT RATE: 3.4%*

OVER 300 MANUFACTURERS

MEDIAN AGE: 37.3

MEDIAN HOME VALUE: $179,515

AVERAGE COMMUTE TIME: 20.9 MIN *Bureau of Labor Statistics Nov. 2019

KANSAS MISSOURI

44 35

Tulsa ARKANSAS

BROKEN ARROW 40 TEXAS

Oklahoma City

44 35

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MAJOR INDUSTRY SECTORS • Manufacturing • Retail Trade • Accommodation and food services • Healthcare and social assistance

WORKFORCE • City of Broken Arrow Labor Force: 57,898 • Wagoner County Labor Force: 39,029 • Tulsa County Labor Force: 329,642 • Average commute time: 20.9 MINUTES

GROWTH • 18% higher income growth than Tulsa County and Wagoner County annually • 18% Broken Arrow population growth 2008 – 2019 • 8% Tulsa Region population growth 2008 – 2018

EDUCATIONAL ATTAINMENT • 94% High school graduate or higher in Broken Arrow • 87.7% High school graduate or higher in the U.S. PUBLIC SCHOOL ENROLLMENT • Broken Arrow Public Schools: 19,0000 Enrolled • Union Public Schools: 16,000 Enrolled 3 //

Major Retail Developments 1. NEW ORLEANS SQUARE (New Orleans & Elm)

2. THE SHOPS AT ASPEN CREEK (Aspen Ave. & Creek Turnpike)

3. HILLSIDE CROSSING (Hillside Drive & Creek Turnpike)

4. TIGER HILL PLAZA (Kenosha & Lynn Lane)

5. NORTHEAST CROSSROADS (Kenosha & 209th)

9. NEW ORLEANS & COUNTY LINE (101st & 193rd)

6. JACKSON MILLS

10. MISSION HILLS CORNER

(BA Exressway & Creek Turnpike)

7. SHOPS AT BROKEN ARROW (Hillside Drive & Lynn Lane)

8. STONE WOOD HILLS (Elm & BA Exressway)

(Albany & Lynn Lane)

11. SOUTH BROKEN ARROW (Elm & Tuson Street)

12. NEW ORLEANS & CREEK TURNPIKE (101st & Creek Turnpike)

13. THE ROSE DISTRICT (Main & Broadway)

1920

REALTORS

®

2020.

Connecting People for 100 Years. // 4

Traffic Counts & City Streets

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Primary and Secondary Trade Areas RETAIL TRADE AREA • Primary trade area: • Population: 160,250 • Total purchasing power: $8.5 Billion • Secondary trade area: • Population: 346,031 • Total purchasing power: $16 Billion • Cost of living index: 97.4 • 2019 taxable goods sold: $1,534,422,977 HIGH PROJECTED SPENDING GROWTH AREAS • $280M: Food at Home • $199M: Food Away from Home Drive Time: 45 Minute Radius of New Orleans Square Source: Esri 2017 Retail Demand Outlook

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Leakage Summary Industry Group

NAICS

Retail Gap

Number of Businesses

Furniture Stores

4421

$15,561,823

114

Electronics & Appliance Stores

443

$4,330,774

225

Food & Beverage Stores

445

$302,002,057

441

Grocery Stores

4451

$289,568,637

230

Specialty Food Stores

4452

$10,373,271

90

4453

$2,060,149

122

447,4471

$375,455,374

328

Jewelry, Luggage & Leather Goods Stores

4483

$43,492,291

80

Book, Periodical & Music Stores

4512

$24,047,241

45

Florists

4531

$4,363,197

83

Office Supplies, Stationery & Gift Stores

4532

$2,158,198

142

Other Miscellaneous Store Retailers

4539

$3,571,453

333

Electronic Shopping & Mail-Order Houses

4541

$779,515

28

Special Food Services

7223

$3,906,158

38

Beer, Wine & Liquor Stores Gasoline Stations

Drive Time: 45 Minute Radius of New Orleans Square | Source: Esri 2017 Retail MartketPlace

Consumer Expenditures Retail Category

Average Amount Spent

Total Amount Spent

$2,225.96

$93,392,198

$199.86

$8,385,250

Entertainment & Recreation

$3,350.62

Food

$9,306.87

Food At Home Food Away From Home

Apparel and Services Computer

Financial

Retail Category

Average Amount Spent

Total Amount Spent

Health

$608.67

$25,537,814

Home

$19,783.66

$830,043,500

$140,578,811

Household Furnishings

$1,475.18

$61,892,677

$390,479,044

Household Operations

$1,939.94

$81,392,043

$5,416.53

$227,255,877

Insurance

$8,021.31

$336,542,291

$3,890.34

$163,223,167

Transportation

$6,443.27

$270,333,450

$145,810.51

$ 6,117,625,717

Travel

$1,918.62

$80,497,825

Within City Limits | Source: Esri 2017 Retail Goods & Services Expenditures

Spending Potential Index Retail Category Apparel and Services

Spending Potential Index

Retail Category

Spending Potential Index

104

Financial

--

Computers & Hardware for Home Use

103

Computer Accessories

109

Entertainment & Recreation

103

Fees and Admissions

106

Toys/Games/Crafts/ Hobbies

107

Sports/Recreation/ Exercise Equipment Food

113

Value of Stocks/Bonds/ Mutual Funds Health Eyeglasses & Contact Lenses Home Mortgage Payment and Basics Household Furnishings and Equipment

111 -102 -109 --

102

Furniture

106

Food at Home

101

Rugs

113

Food Away from Home

103

Major Appliances

108

Retail Category Household Operations Child Care Insurance Owners and Renters Insurance Transportation Payments on Vehicles excluding Leases Travel

Spending Potential Index -110 -109 -108 --

Airline Fares

103

Auto/Truck Rental on Trips

105

Food and Drink on Trips

104

Within City Limits | Source: Esri 2017 Retail Goods & Services Expenditures | The Spending Potential Index (SPI) represents the amount spent in the area relative to a national average of 100. A SPI of 110 means that the area spends 10 percent more than the national average, on that good or service.

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Broken Arrow, Oklahoma Located right outside of Tulsa in Northeastern Oklahoma, Broken Arrow is the 4th largest city in the state. Our rapidly growing population can be attributed to a high commitment to the quality of life for our residents and continued investment in serving our business community. Our community has seen a steady uptick in new housing starts in 2019 that has continued into 2020. With an expanding population and strategic access to traffic from the Broken Arrow Expressway and the Creek Turnpike, there has never been a better time to invest in Broken Arrow.

Learn more about development opportunities by contacting The Broken Arrow Economic Development Corporation (BAEDC). The BAEDC works with the City of Broken Arrow Tourism and Economic Development Team to make Broken Arrow an attractive place for businesses to locate. BAEDC is an independent organization that serves as a partnership between the business community, the city government, and the public-school systems. BAEDC focuses on creating wealth, jobs, and economic growth in the community through attraction & retention of businesses, workforce development & education, and collaboration with regional partners.

The BAEDC and the City of Broken Arrow Tourism and Economic Development Team work hand and hand with regional brokers and landowners to meet the needs of businesses from land identification through the city permitting and planning process. Contact our offices and visit us at BrokenArrowEDC.com to determine how Broken Arrow can assist you and meet your project requirements, view available real estate, and learn why Broken Arrow is the right choice for your business.

DARLA HELLER Vice President of Economic Development Broken Arrow Economic Development Corporation 918-893-2110 darla.heller@bachamber.com

New Orleans Square

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NORMAN STEPHENS Economic Development Manager City of Broken Arrow 918-259-2410 nstephens@brokenarrowok.gov

Visit our website to learn more about Broken Arrow BrokenArrowEDC.com

1

New Orleans Square

Significant growth in south Broken Area has focused the city’s efforts in revitalizing the intersection of Elm Place and New Orleans Street (101st). The retail district is home to an array of businesses including retail, restaurants, service-based businesses, and one-of-a-kind boutiques.

Businesses and area residents have helped create a vision of a beautifully landscaped, walkable shopping destination. A Citizens Advisory Committee has been appointed to

continue to gather details and make recommendations to the City Council. Recent renovation and reuse of the former Hobby Lobby store, proposed reopening of a movie theater, and other private improvements show that the area is both viable and vital to continued sustained growth in south Broken Arrow. Many commercial lots and buildings are available for sale and lease.

5 Minute

15 Minute

30 Minute

2025 Projection

36,883

265,975

780,351

2020 Population

35,306

252,986

751,780

2020 Median HH Income

$68,379

$70,048

$57,359

Demographics

Drive Time

Drive Time

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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2

The Shops at Aspen Creek

The Shops at Aspen Creek is a regional shopping center located in Broken Arrow, Oklahoma. The 150-acre mixeduse development is planned to include 1 million square feet of the best brands in shopping, dining, and entertainment. The Shops at Aspen Creek are adjacent to a 240-unit multi-family project located in a beautifully wooded setting amidst the lifestyle components of the development that opened in June of 2017. Recently open, are Starbucks and 5 Minute

15 Minute

30 Minute

2025 Projection

21,846

296,143

801,490

2020 Population

20,636

283,150

772,384

2020 Median HH Income

$77,812

$66,021

$57,473

Demographics

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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Great Clips. The center is also home to the Warren Theatre, a 150,000 sq. ft., 18-screen, state-of-the-art movie theater which opened in December of 2014. This property is located at the Southeast corner of Aspen Avenue and the Creek Turnpike, offering major visibility and excellent access from the frontage road, the turnpike, and Tucson Street, making it the ideal location for a new retail development.

Drive Time

Drive Time

3

Hillside Crossing

East Hillside Drive includes the Hillside Village and Hillside Crossings developments with more lots planned for 2021. Pad sites available for sale and build to suit. These developments are anchored by Sprouts and Hobby Lobby with convenient access to the Broken Arrow Expressway. Nearby retailers include Starbucks, Zoe’s Kitchen, and Smitty’s Garage Burgers and Beer.

5 Minute

15 Minute

30 Minute

2025 Projection

23,609

359,655

827,978

2020 Population

21,083

346,008

798,105

2020 Median HH Income

$64,312

$58,544

$57,387

Demographics

Drive Time

Drive Time

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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4

Tiger Hill Plaza

Projecting a modern contemporary design, Tiger Hill Plaza will deliver new shopping and dining choices to this established retail hub of the Broken Arrow community. The 30,000 squarefoot project sits on a 5 and a half acres of land. The shopping center has started construction and is expected to be finished in the spring of 2021. Ideally located on the intersection of Kenosha (71st St.) and Lynn Lane, Tiger Hill Plaza sits at a higher elevation than all other intersections providing maximum visibility and exposure to tenants.

5 Minute

15 Minute

30 Minute

2025 Projection

21,910

331,586

828,703

2020 Population

21,059

317,837

798,877

2020 Median HH Income

$58,227

$59,436

$57,344

Demographics

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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Drive Time

Drive Time

5

Northeast Crossroads

Located in a high growth area for both retail and residential. This mixed-use development land has great visibility from Creek Turnpike and Kenosha St. While it is divided into lots, there is potential to combine lots for larger development tracts as needed to meet the users needs. Let Northeast Crossroads meet your needs for restaurant, office, medical, hotel and many other uses. Easy access to Creek Turnpike and the BA Expressway.

5 Minute

15 Minute

30 Minute

2025 Projection

9,980

285,902

823,018

2020 Population

8,861

272,579

793,161

$63,886

$60,925

$57,308

Demographics

2020 Median HH Income

Drive Time

Drive Time

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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6

Jackson Mills

Located at the intersection of Highway 51 and the Creek Turnpike in the city limits of Broken Arrow, this corridor provides outstanding exposer and traffic counts. The proposed 42 acre mixed use site combines multi-family living and retail opportunities. Dense surrounding residential population and commuter traffic make instant consumers for users located within the area. Traffic counts are in excess of 34,000 vehicles per day in this area.

5 Minute

15 Minute

30 Minute

2025 Projection

5,162

293,320

817,750

2020 Population

4,775

280,196

788,339

$75,149

$60,161

$57,223

Demographics

2020 Median HH Income

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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Drive Time

Drive Time

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7

The Shops at Broken Arrow Phase I of this 400,000 sf regional power center is located along the Broken Arrow Expressway (SH-51). With retailers like Target, Marshalls and PetSmart. The Shops at Broken Arrow will be a destination for area shoppers from Tulsa and surrounding communities. The location has great visibility and is accessible from multiple points North, South, East and West of the center. In-line and pad sites are available for development.

5 Minute

15 Minute

30 Minute

2025 Projection

13,018

298,381

813,175

2020 Population

11,656

286,076

783,796

2020 Median HH Income

$63,213

$58,652

$57,297

Demographics

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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Drive Time

Drive Time

8

Stone Wood Hills Home to Oklahoma’s largest Bass Pro Shop, Stone Wood Hills sits on 430 acres along the Broken Arrow Expressway (SH-51). This site provides an outstanding view of Broken Arrow and Tulsa, centered around a combination of retail, restaurant, and office development. Sites front along Broken Arrow’s busiest highway traveled by 90k cars per day. This site is home to a new conference center and hotel project with 35,000 sf of conference space and 180 room hotel capacity.

5 Minute

15 Minute

30 Minute

2025 Projection

27,463

428,789

835,558

2020 Population

25,011

413,384

805,457

2020 Median HH Income

$59,964

$57,938

$57,451

Demographics

Drive Time

Drive Time

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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9

New Orleans & County Line

This, divisible, 20 acre lot is located on the hard corner of New Orleans and 193rd (County Line) with entry access from both streets. This location is ready for commercial development.

The property is an easy access location for all of Broken Arrow and South Tulsa as it is located a half mile West of the Creek Turnpike. Northeastern State University’s Broken Arrow campus serves over 3,500 students and is located just a few minutes from this intersection.

5 Minute

15 Minute

30 Minute

2025 Projection

13,189

240,778

787,440

2020 Population

12,590

226,803

758,888

2020 Median HH Income

$71,667

$72,038

$57,220

Demographics

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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Drive Time

Drive Time

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Mission Hills Corner

Located at the intersection of Albany and Lynn lane this corner is mixed use land, zoned for commercial and apartment use. Minutes from Broken Arrow’s Ascension St. John Hospital, Bass Pro Shops, and Target, Mission Hills Corner has easy access to the Broken Arrow Expressway. The location has excellent potential to serve retail and office users in a high-density area of Broken Arrow.

5 Minute

15 Minute

30 Minute

2025 Projection

21,479

315,714

811,580

2020 Population

19,055

302,965

782,246

2020 Median HH Income

$69,401

$58,557

$57,401

Demographics

Drive Time

Drive Time

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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11

South Broken Arrow

Commercial zoned lots in South Broken Arrow. Located one mile North of Indian Springs golf course and adjacent to the Shops at Aspen Creek. Area retailers include Walmart Supercenter, Cato Fashions, Sonic, Goodwill, Warren Theatre, CVS Pharmacy, TTCU The Credit Union, Radio Shack, Papa John’s and Anytime Fitness. Russo’s New York Pizzaria is expanding to this intersection and is currently under construction. This location has easy access and great frontage to the Broken Arrow South Loop of the Creek Turnpike.

5 Minute

15 Minute

30 Minute

2025 Projection

22,085

295,713

801,246

2020 Population

20,914

282,052

772,168

2020 Median HH Income

$76,871

$66,709

$57,403

Demographics

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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Drive Time

Drive Time

12

New Orleans and The Creek Turnpike

Multiple lots available for sale intersection of New Orleans and the Creek Turnpike. Sites have excellent visibility from the Turnpike. This location is ready for commercial development and has expedited access to all of Broken Arrow and South Tulsa via the Creek Turnpike. Northeastern State University’s Broken Arrow campus serves over 3,500 students and is located Adjacent to the property. Many of Broken Arrow’s large employers have facilities directly west of this site increasing access to a high daytime population within a few minutes.

5 Minute

15 Minute

30 Minute

2025 Projection

3,294

247,847

797,050

2020 Population

3,066

233,910

768,149

$78,086

$69,688

$57,198

Demographics

2020 Median HH Income

Drive Time

Drive Time

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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13

The Rose District

The Rose District is a collaborative public/private partnership that breathed new life into Broken Arrow’s 100-year old historical downtown core. Community leaders envisioned a downtown district that would come to provide a pedestrian-friendly atmosphere, unique dining experiences, and boutique shopping that now draws residents and visitors into the downtown core.

5 Minute

15 Minute

30 Minute

2025 Projection

17,724

300,067

800,150

2020 Population

17,035

287,023

771,525

2020 Median HH Income

$54,238

$61,509

$57,340

Demographics

Drive Time

Source: Esri forecasts for 2020 and 2025 Market Profile

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In 2020 a mixed-use commercial and residential development, Brio at the Rose, opened offering 31,000 SF of commercial space and 96 apartment units on the 3 upper floors. Already home to many exciting restaurants and boutiques, an open plaza with an interactive fountain, and a 1,500-seat Performing Arts Center, this retail and arts district is primed for more growth.

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Notes:

Putting Broken Arrow on the Map

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Local Service.

National Experience.

Local Service.

National Experience.

Hollis Allen, Jr, PE 918.806.7200 / walterpmoore.com

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DARLA HELLER Vice President of Economic Development Broken Arrow Economic Development Corporation 918-893-2110 darla.heller@bachamber.com NORMAN STEPHENS Economic Development Manager City of Broken Arrow 918-259-2410 nstephens@brokenarrowok.gov Visit our website to learn more about Broken Arrow BrokenArrowEDC.com

210 N. Main St. | Broken Arrow, OK 74012 BrokenArrowEDC.com

Broken Arrow Chamber of Commerce and Economic Development Corporation. All Rights Reserved.