2020 - 2021
GROUNDS FOR DEVELOPMENT FOURTH-LARGEST CITY IN OKLAHOMA
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Retailers in Broken Arrow
1 //
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
5 //
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
// 8
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
10
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.