Retail & Restaurant Opportunities

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Webster City, Iowa has the retail marketplace potential to support growth in the retail and restaurant sectors. This presentation will introduce you to Webster City, Iowa, the local opportunities, and the data to back it all up.

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Retail & Restaurant Opportunities

  1. 1. Retail & Restaurant Opportunities Webster City, Iowa 2012
  2. 2. Our ContactDavid Toyer, Economic DeveloperWebster City Economic Development400 Second StreetWebster City, Iowa 50595515-832-9151 (o)425-344-1523 (c)david@buildwebstercity.com
  3. 3. Location
  4. 4. About Us• County Seat of Hamilton County• Located in North Central Iowa• Population within City Limits: 8,070• Major transportation through the community includes Highway 20, a four lane highway and east-west corridor• Just 12 miles west of Interstate 35• Only City along a 98 mile stretch of Highway 20 that has established business/services with highway frontage and on-off ramp access
  5. 5. Aerial Looking Northwest
  6. 6. Demographics & Traffic• City Limits: 8,070 population¹• Approx. Trade Area: 20,020 population within 15 mile radius³• 212,415 people with 60 minute drive³• Media Household Income (Webster City): $48,691³• Highway 20 (four lane, east-west) over 8,300 vehicles per day²• Highway 17 (two lane, north-south) over 2,500 vehicles²¹U.S. Census Bureau²Iowa Department of Transportation 2011³ESRI & Infogroup 2012
  7. 7. Marketplace PotentialIndustry Group Demand Supply Retail Gap Number of (retail potential) (retail sales) BusinessGeneral $18,444,610 $10,733,920 $7,710,690 4Merchandise StoresFull Service $12,355,705 $4,856,414 $7,499,291 31RestaurantsLimited-Service $7,539,038 $3,369,217 $4,169,281 8Eating PlacesHealth & Personal $7,130,762 $3,049,340 $4,081,423 8Care StoresClothing & Clothing $4,144,556 $671,455 $3,473,101 6Accessories StoresArea: 15 mile radius of Webster City Source: ESRI on May 23, 2012
  8. 8. Regional DrawsVan Diest Medical Center 25 bed critical access hospitalIowa Central Community College Branch campus with 32 staff, 250 studentsHamilton County Courthouse Courts, Sheriff, Jail, Driver License OfficeRegional Shopping Center Kmart, Shoppers Supply, Pizza Hut, McDonalds
  9. 9. Locations AvailableWebster City has available sites ranging from 0.5 to 8 acres thatare zoned for commercial development.Webster City has vacant space for lease with sizes ranging from1,500 to 5,700 square feet.Prices for vacant land start at $10,000 an acre.Prices for vacant space start around $8/sf/year NNN.
  10. 10. Start Your Project Now WWW.BUILDWEBSTERCITY.COM David Toyer, Economic Developer Webster City Economic Development 515-832-9151 (o) 425-344-1523 (c) david@buildwebstercity.com On Twitter @WebsterCityIA

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