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Department Store AnchorsNational ChainsHypermarket TrafficFamily EntertainmentTourist & Duty-Free

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Ultra-Luxury PositioningSmall Format RetailBudget Brands
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Central Ubon, located in Ubon Ratchathani on Bypass Highway 231 and Sanpasit Road, serves as a key retail hub in Southern Isaan, Thailand. Opened in April 2013 with a development cost exceeding 2.75 billion baht, it spans over 140,000 square meters of gross floor area, positioning it as the regions most modern lifestyle shopping center. The property draws from a catchment area of over 4.1 million residents with high purchasing power, augmented by 1.8 million annual tourists, benefiting from its role as a gateway to Laos, Cambodia, and Vietnam.

Tenant mix includes anchor stores like Robinson Department Store and Tops Supermarket, alongside over 200 fashion brands such as MANGO, Levi’s, and Charles & Keith; electronics from PowerBuy and iStudio; sports and books via SuperSports and B2S; entertainment with a pioneering aquarium featuring 300 rare fish species, Major Cineplex with seven screens, and Fun Planet amusement park; and diverse dining options including MK, Sizzler, and Starbucks.

Accessibility is strong, with proximity to the bus terminal (4 minutes), airport (6 minutes), and train station (8 minutes), supported by parking for 1,500 cars and 1,300 motorbikes.

Market position reflects Central Pattanas focus on regional expansion, with reported occupancy around 95% and daily footfall exceeding 15,000 visitors, per 2024 reports.

Leasing advantages include stable occupancy, diverse tenant categories reducing risk, and cultural integration in design enhancing visitor appeal. However, challenges encompass competition from nearby centers like Ubon Square and Central Plaza, potential market saturation in provincial retail, and limited data on current rent levels, estimated at approximately 0.7 USD per square foot regionally.

Operational quality benefits from extended hours and modern facilities, though aging infrastructure post-12 years may require maintenance considerations.

Overall, it offers balanced opportunities for retailers targeting mid-tier lifestyle segments amid Isaan's growing economy.

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Hours of Operation

Hours

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Monday10:30 AM — 09:00 PM
Tuesday10:30 AM — 09:00 PM
Wednesday10:30 AM — 09:00 PM
Thursday10:30 AM — 09:00 PM
Friday10:30 AM — 09:00 PM
Saturday10:00 AM — 09:30 PM
Sunday10:00 AM — 09:30 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

By-pass Highway 231, Sanpaisit Road, Ubon Ratchathani, Thailand

Insights

Demographics and Footfall

Ubon Ratchathani province has a population of about 1.8 million, with the city center drawing from a 4.1 million catchment including nearby Laotian provinces. High purchasing power stems from agriculture, trade, and tourism as an Indochina gateway. Annual tourist influx exceeds 1.8 million, boosting seasonal footfall. Daily visitor estimates surpass 15,000, peaking during events and weekends, supported by universities, government offices, and attractions nearby. This demographic favors family-oriented retail, but economic reliance on seasonal agriculture introduces volatility. Strengths include broad appeal to middle-income shoppers; drawbacks involve rural-urban migration potentially diluting local spending power.

Tenant Mix and Occupancy

The tenant mix emphasizes lifestyle retail with anchors like Robinson and Tops occupying prime spaces, complemented by international brands in fashion and electronics, entertainment anchors including an aquarium and cinema, and food & beverage outlets comprising 20% of GLA. Occupancy stands at approximately 95%, indicative of strong demand in regional markets per Central Pattana reports. This setup supports synergistic traffic generation across categories. Advantages for lessees include established brand co-tenancy enhancing visibility; however, saturation in fashion and F&B categories may pressure margins, with potential weaknesses in underperforming weak categories like specialty retail amid online competition.

Accessibility and Competition

Strategic location on major highways ensures easy access, with short drives to transport hubs and ample parking mitigating congestion issues common in provincial cities. Public transport integration is moderate, relying on personal vehicles. Competition includes Ubon Square (70-80% occupancy, lower footfall) and Central Plaza, fragmenting market share in a city with 3.38% retail vacancy. Regional rent averages 0.7 USD per square foot, competitive yet pressured by peers. Strengths lie in superior modern facilities and anchors drawing premium traffic; drawbacks encompass access challenges during peak hours and market saturation risks, potentially impacting lease renewal terms and requiring adaptive strategies for sustained performance.

Building Details

Property Type
Regional
Gross Leasable Area
29,817
Year Built
2013
Parking Spaces
1000
Average Monthly Footfall
304,167
Owner
Central Pattana
Anchor Tenants
Robinson Department Store, Tops Market, PowerBuy, SuperSports, B2S, OfficeMate

Detailed Market Analytics

Primary Catchment Area
10 km
Secondary Catchment Area
50 km
Catchment area population
200,000 People
Population growth rate
0.5 %
Median age
34.7 Years
Household size
3.1 Persons per household
Education level (tertiary)
25.0 %

Median household income
25,000 THB per month
Unemployment rate
1.0 %
Cost of living index
45 Index (NYC=100)

Retail spending per capita
50,000 THB per year
Spending on apparel
10,000 THB per year
Spending on groceries
15,000 THB per year
Spending on electronics
8,000 THB per year

Annual foot traffic
3,650,000 Visitors
Dwell time
2 Hours
Conversion rate
25.0 %
Sales per square meter
5,000 THB per year

Number of retail stores
200 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
2 Malls per 100,000 people
Tenant diversity
High Qualitative
Unique Concepts
Yes Presence

Gross Leasable Area
29,817 sqm
Number of Levels
4 Levels
Average rent per square meter
800 THB per month
Vacancy rate
5.0 %
Lease term flexibility
Medium Qualitative
Available retail space
2,000 sqm

Proximity to main roads
High Qualitative
Public transport access
Good Qualitative
Parking spaces
1,000 Spaces
Pedestrian traffic
Medium Qualitative

E-commerce competition
High Qualitative
Click-and-collect adoption
50.0 %
Internet penetration
80.0 %

Retail crime rate
Low Qualitative
Security measures
Comprehensive Qualitative

Promotional events
Frequent Qualitative
Loyalty program penetration
60.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
Ongoing Qualitative
Mall expansion plans
nan Qualitative
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Ubon Ratchathani

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