Blanchard, Oklahoma 5, 10, 15 Mile Radius OPPORTUNITY GAP RETAIL CATEGORY ANNUAL LEAKAGE 5 MILE RETAIL CATEGORY ANNUAL LEAKAGE 10 MILE General Merchandise Stores $20,804,342 Food & Beverage Stores $61,347,678 Foodservice & Drinking Places $20,074,720 Foodservice & Drinking Places $58,229,597 Building Material, Garden Equipment Stores Non-Store Retailers $17,659,859 General Merchandise Stores $57,227,732 Non-Store Retailers $53,959,940 Food & Beverage Stores $16,199,598 Motor Vehicle & Parts Dealers $35,999,746 Clothing & Clothing Accessories Stores $25,543,237 Home Centers $24,107,891 Health & Personal Care Stores $20,833,329 $17,634,018 Clothing & Clothing Accessories Stores $8,727,963 Health & Personal Care Stores $6,590,969 Gasoline Stations $6,380,223 TOTAL LEAKAGE $114,071,692 $337,249,150 TOTAL LEAKAGE RETAIL CATEGORY ANNUAL LEAKAGE 15 MILE Non-Store Retailers $266,158,803 Other General Merchandise Stores $114,660,348 Gasoline Stations with Convenience Stores Building Material & Supply Dealers $99,320,091 Foodservice & Drinking Places $69,284,255 Miscellaneous Store Retailers $35,906,394 Electronics & Appliances Stores $24,310,381 Clothing & Clothing Accessories Stores $23,784,227 TOTAL LEAKAGE $73,508,574 $706,933,073 The Opportunity Gap represents the difference between retail sales in specific categories of goods and services where reported demand (purchase by consumers living in an area) exceeds reported sales by merchants (supply) within the same defined trade area. Data is derived from the Consumer Expenditure Survey as administered by the U.S. Bureau of Labor Statics and from the Censes of Retail Trade, made available through the U.S. Census. *The Total Retail Leakage listed includes other categories not included in the Opportunity Gap Highlights. OPPORTUNITY GAP For more information about the City of Blanchard contact Retail Attractions at (918) 376-6707 or [email protected] Visit www.retailattractions.com to download this and other information about the City of Blanchard and other client cities Information contained herein is believed to be accurate but is not warranted as to accuracy and may change or be updated without notice. Retail Attractions, LLC is not a real estate company. We are consultants who assist cities, retailers, development companies and property owners. Blanchard, Oklahoma 5, 10, 15 Mile Radius POPULATION 5 MILE 10 MILE 15 MILE HOUSING 5 MILE 10 MILE 15 MILE $181,705 $173,234 $177,039 Est. 2017 Population 11,483 34,317 170,593 Median Housing Value Projected 2022 Population 12,456 37,103 181,398 Owner Occupied Housing 3,474 10,535 41,987 9,976 30,072 153,075 Homes Built 2010 or Later 645 1,904 9,382 INCOME 5 MILE 10 MILE 15 MILE Population 2010 Census EDUCATION 5 MILE 10 MILE 15 MILE High School Graduate 37.97% 35.22% 25.90% Average Household Income $80,011 $82,147 $78,347 Some Post-Secondary 24.92% 26.01% 24.82% Median Household Income $65,878 $68,074 $60,167 College Degree 27.07% 28.34% 41.45% TOTAL RETAIL SALES 2012 2013 2014 2015 $50,526,467 $48,582,711 $53,402,760 $53,914,342 2016 About the City of Blanchard $57,773,387 TOTAL RETAIL SALES Blanchard is situated in Township 8 North, Range 4 West, and Section 30 in northwestern McClain County. The town is served by US-62 and OK-76 highways. Named after William G. "Bill" Blanchard, the community was organized originally by the Canadian Valley Construction Company, which also planned to build a railroad. However, the company went into bankruptcy, and the railroad came under the control of the Oklahoma Central Railroad which also experienced financial problems. The Atchison, Topeka and Santa Fe Railway took over and completed the line. Blanchard is part of a rapidly growing area of northern McClain and Grady Counties known as the "Tri-City Area" with Newcastle and Tuttle. Blanchard consists of a one square mile "core" of streets roughly laid out in a grid pattern situated atop a gentle hill surrounded by newer development and agricultural areas within about a four mile (6 km) radius of the center. Central Blanchard consists of homes (about half built before 1960), several churches and a historic Main Street downtown area. The commercial downtown features antique shops, eating establishments, city services, senior center and a fitness center. On the periphery of the city center are schools, businesses and modern housing subdivisions. These subdivisions tend to be low-density (typically one to 5-acre (20,000 m2) lots.) While Blanchard is often described as a commuter town with much of its workforce commuting to nearby Norman and Oklahoma City, local businesses are beginning to surge. As of 2008, local amenities include a supermarket, several restaurants, public library, banks, a large building supply center, new hardware store and a large car dealership. Residents of Blanchard tend to view it as a small town environment with character and charm, however, the rapid growth in the area has brought change. In an effort to keep the town from being swallowed by urban sprawl, a large annexation was effected in 2004 to provide Blanchard with a "buffer zone". A Main Street beautification project is underway and infrastructure is being improved to handle the rise in population. In 2007, several older buildings in central Blanchard were removed to allow the widening of U.S. Highway 62, yet the historic downtown commercial buildings were preserved. For more information about the City of Blanchard contact Retail Attractions at (918) 376-6707 or [email protected] Visit www.retailattractions.com to download this and other information about the City of Blanchard and other client cities Information contained herein is believed to be accurate but is not warranted as to accuracy and may change or be updated without notice. Retail Attractions, LLC is not a real estate company. We are consultants who assist cities, retailers, development companies and property owners.
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