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<br />j Restaurant Demand Analysis
<br />e.
<br />j Ave N AT County Road C W
<br />" MN 55101
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<br />Drive TIme:
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<br />7 Minutes
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<br />lemographlcs
<br />IUon
<br />holds
<br />t Nea Employment Excluding Markel Area Residents t
<br />n Disposable Incoma
<br />ipitalncome
<br />
<br />201,150
<br />86,990
<br />170,000
<br />$39,605
<br />$30,693
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<br /> ~1Tii'i'I"iI" or.1fTTi"iTi""1l_ 1ofOIlTlTi1i1l _...,mm..:_ ~
<br />~~'Y SupplY Rnldenl Demand Employ" Estimated Addttlot\Oll Total Demand Unmet Demand Unm.tDI
<br /> Ad1usted Retail Sal,,_ 2 R"b1l1 SruHldlnal Demand Cantut'l J Ollmand. Retail S.......dlnnl IRetall Sp.ndlng) Avg. Saln paf .
<br />Trade and Food & Drink (NAICS 44-45, 722) $2.29B,059,799 $1,891,115,979 5103,682,261 $618,836,3-40 $2,613,63-4,580 $315,57.(,781 ',.
<br />Trade (NAtCS 44-45) $1,998,957,831 $ 1,520,264,555 $72,340,107 $561,043,B82 $2.153,64B,545 $154,690,71,( 1,2
<br />!l. Drink (NAICS 722) $299,101,958 ~70,851,042-4 $31,342,154 $57,792,457 $459,986,035 $160,884,067 .
<br />3: AulD Parts, Accassories, and Tire Slores ~ $82.454,213 $47,538,800 $2,008,648 $16,515,883 $66,063,531 ($16,390,682) $200
<br />1: Fumiture Slores $-47,672,689 $-40,227,573 ,0 $-40,227,573 $80,455,146 $32,782,457 '250 1~
<br />2.: Home Fumlshings Stores $50,6.38,204 $18,167,394 $767,700 $18,935,094 $37,870,188 ($12.,768,016) '250
<br />/HAICS 4431: ElectronIcs & Appliance SIoras $143,620,-497 $61,983,123 $2,619,222 $27,685,719 $92,289,065 ($51,331,432) $300
<br />1: Buildin9 Malarial and Supplies Dealers $1&4,821,198 $77,815,82.( $.3,288,2S5 $43,671,433 $124,775,51.' ($-4(},045,676) '250
<br />'1::. lawn and Gardllf\ Equipment and SUppr~$ Slores 59,978,614 $18,309,159 $773,691 $6,360,950 $25,443,799 $15,465,185 '250 ,
<br />1: Grocery SIorll5 5355,940,557 $340,160,778 $14,374,182 $88,633,740 $-443,168,699 $87,228, H2 '5()0 11
<br />2: Spedalty Food Sloms $25,303,23 $13,062.,529 $551,913-4 $1,512,724 $15,127,236 ($10,175,994) $550
<br />3: Bear, Wine, and Uquor Stores $58,486,780 $37,833,951 $1.598,750 $4,381,411 $43,81-4,11 ($14,672,668) ,350 (
<br />INAICS 4451: HeaUh & Personal Care Slores $134,623,792 $87,533,589 53,698,909 $10,136,944 $101,369,442 ($33,254,350) ,450
<br />/HAICS 4471: Gasoline Stallons $321,857,103 $231,.870,383 $19,596,304- $62,866,672 $314,33.3,359 ($7,523,744) $1,300
<br />1: ClolhingSIOflls $109,029,663 593,413,920 SJ,947,394 $-41,726;2:17 $139,087,592 $30,057,929 $275 11
<br />2: Shoe Slams $13,159,28{ $17,260,280 $729,368 $7,709,849 $25,699,497 $12,540.217 $300
<br />3: Jewelry, Luggage, and leather Goods Slores $18,0481,389 $15,4.a5,511 $65.(,372 $6,917,093 $23,056,975 $-4,575,586 $750
<br />1: Sporting GoodsJHobby/Muslcallnstrumenl Slores $45,559,695 $33,.(59,841 $1,413,913 $23,249,169 $58,122,924 $12,563,.229 '22S ,
<br />2: Book. Period'"~l, and Music Stores $20,396,10 $20,372,564 $860,8.&4 $9,100,o.c9 $30,333,497 $9,937,395 "50 ,
<br />1: Dapartmanl Sloros $224,312.860 $189,355,013 $8,001,579 $84,581,397 $281,937,989 $57,625,129 ,250 2:
<br />. Other Geneml Merc:handise Sloms $~,699,970 $111,221,3<< $-4,699,883 $49,680,526 $165,601,753 $100,901,783 $250 '"
<br />1: Aorlsls ~,B1.(,0-48 $2.,715,511 $114,749 $314,473 $3,14-4,73<4 ($669,314) 'ZOO
<br />2: Office SUppnllS, Slalionef)', and Gift Slortls $43,358,505 $29,015,831 $1,22.6,123 $12,960,837 $-43,202,791 ($155,714) '300
<br />; Usad Merd1andise Slores $19,228,081 $7,918,592 $33-4,616 $917.023 $9,170,231 ($10,057,850) 'ZOO
<br />9: Other Miscellaneous Store Retailers $-41,521,361 $25,543,045 $1,079,373 $2.,958,046 $29,580,-464 ($11,940,897) "00
<br />1: Full-Serv\ca Reslauranls $118,283,536 $164,871,294 $15,624,221 $35,381,5S1 $235,877,076 .$117 ,593,540 $450 21
<br />. limited-Service Eallng PI0'IC68 $130,648,596 $129,541,757 $'0,948,098 $15,609,984 $156,099,839 $25,.(51,2.43 '350
<br />3: Spadal Food Servlcos ~~::::6 $-40,213,063 $3,398,569 $4,845,737 $48,457,368 $23,813,532 $300
<br />4: Drinking Places (Alcoholic Beverag.es) $16,225,310 $1,371,267 $1,955,175 $19,55',752 1$5,97.(,248) "50 -
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<br />lIed 85% of persons worWng In lhe study area DO NOT reside In Ihls ama.
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<br />llocl 50% of lolal retail sales at Rosadale MaD are excluded from this- analysis due 10 the fad Ihat a subslanflal !ihare (likely In excess of 50% In fact) of salas OIl Rosedala MaD
<br /> origlnale from consumers msldlng or workIng beyond the 7-
<br />rkel area due 10 the mudllarger drnw area of Ih!s nlglonBl mall. Because we only adjust (a account for 50% of sales III Rosadals our demend methodology Is consarvatlvft, and under ftstlmales
<br /> actual demand to same dagree.
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<br />,demand caplure rales ranging from 0% 1010% of tolal annual spending by employells warn applied. Thi5 rosans thai an e&Umaled 0-10% of spending by norHBsidanl markel area omployeesls
<br /> captured by sloms n&aT their place ofWOl1L
<br />slore types. addlUonal demand wl" come from households residIng and wori<Jng beyond a 7-mlnut.e drive lime from the slle and also from hlghway-otlenled mlall demand. Tharllfol'B, we
<br /> haw Inftaled demand by 0 10 50 percent, varying by
<br />lagof)', 10 accounl for this addlUonal demand.
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<br />'Xi Cents of Shopping Canfars, Urban Land Institule,
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<br />Jres on nllW and used automobiles are exdudad from thIs analysis.
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<br />ESRI BuslnllSS InformaUon Solutlons; GVA Marquetl8 Advlsonl.
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