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The Peer Analysis, built by Retail Strategies along with our analytics partner (Tetrad), identifies analogue retail nodes within a similar demographic and retail makeup. The Peer Analysis is derived from a 5 or 10 minute drive time from major comparable retail corridors throughout the country. The variables used are population, income, daytime population, market supply and gross leasable area. The following are retail areas that most resemble this core city:
Daytime Population 35,156 (Custom Trade Area)
1,587
5,990
7,451
8,763
297
10,430
638
Children at home
Retired/Disable persons
Homemakers
Student Populations
Work at Home
Employed
Unemployed
Demographics (Custom Trade Area)
Average Age
40.9Growth Rate
3.70%Median Household Income
$52,297
SWEETWATER, TENNESSEEMarket Guide
There’s a lot of potential here.
City Contact Information
Peer Analysis
www.sweetwatertn.net
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Chuck WhitedCity Planner
cwhited@sweetwatertn.net
PO Box 267203 Monroe StSweetwater, TN 37874 Phone: (423) 337-9678
Focus CategoriesGAP Analysis $211,419,997 (Custom Trade Area)
Building Material and Garden Equipment Stores
Foodservice and Drinking Places
Health & Personal Care Stores
General Merchandise Stores
Clothing & Clothing Accessories Stores
Furniture and Home Furnishings Stores
Sporting Goods, Hobby, & Musical Instrument Stores
Electronics & Appliance Stores
Sporting Goods, Hobby, Book, Music Stores
Food and Beverage Stores
Automotive Parts, Accessories, & Tire Stores
The Gap Analysis is a summary of the primary spending Gaps segmented by retail category. It measures actual consumer expenditures within the City’s trade area and compares it to the potential retail revenue generated by retailers in the same area. The difference between the two numbers reflects leakages, or the degree to which consumers travel outside the community for certain retail goods and services. The Gap analysis is a useful tool to gauge retail supply and demand within the community.
The top categories for focused growth in the municipality are pulled from a combination of leakage reports, peer analysis, retail trends and real estate intuition. Although these are the top categories, our efforts are inclusive beyond the defined list.
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Building & Garden
Restaurants Health &Personal Care
*Source: STI PopStats
Sweetwater, TN
DEMOGRAPHIC PROFILE 3 Mile Radius 5 Mile Radius 10 Mile Radius
2018 Estimated Population 8,102 12,755 39,750Daytime Population 9,934 11,880 31,861Median HH Income $37,429 $38,424 $38,435Number of Households 3,269 5,088 15,495
5 Minute DT 10 Minute DT 15 Minute DT
2018 Estimated Population 2,608 10,699 22,600Daytime Population 5,853 11,649 21,732Median HH Income $35,694 $38,541 $38,779Number of Households 1,123 4,312 8,999
$23,093,258
$20,718,753
$18,115,331
$13,653,731
$9,386,413
$9,064,987
$6,010,404
$5,395,280
$5,226,487
$3,045,624
$2,615,817
General Merchandise
Peer Trade AreasCovington, TNLewisburg, TNFayetteville, TNClinton, TNManchester, TNWinchester, TNSoddy Daisy, TN
201 Lanny Bridges Ave
1334 No. Ellington P
1224 Huntsville Hwy
150 Tanner Ln
2518 Hillsboro Blvd
2675 Decherd Blvd
9334 Dayton Pike
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