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Centro Comercial Plaza Caracolí, situated at Carrera 27 #29-145 in Floridablanca, Santander, Colombia, spans approximately 30,000 square meters of built space with around 145 commercial units. It positions itself as a prominent retail hub in the Bucaramanga metropolitan area, emphasizing fashion, entertainment, gastronomy, and family experiences. The tenant mix comprises international apparel brands like New Balance, American Eagle Outfitters, Adidas, and Tous, complemented by a Cinemark cinema, diverse restaurants, and local boutiques.

As one of four primary malls in Floridablanca, it leverages excellent accessibility through Metrolínea BRT public transport covering 90% of the area and direct links to Troncal del Magdalena highway. The catchment population stands at 270,000 locally within a 1.1 million metro area, featuring a median age of 32 years, 1.5% annual growth, and median household income of COP 3,500,000 monthly. Retail metrics indicate city-wide occupancy robustness, 1.9 sqm space per capita, and 5% projected annual expansion, with total footfall reaching 5 million visits yearly across malls.

Leasing benefits include moderate rents around COP 2,500,000 per month and high consumer loyalty, particularly for mid-range value fashion (40% preference). Challenges encompass competition from nearby centers like Cañaveral and La Florida, 51% e-commerce penetration reducing in-store traffic, and medium market saturation in established categories. Upcoming expansions aim to bolster its appeal, yet retailers must assess risks from 15% retail leakage and peak-hour vehicle congestion.

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Hours of Operation

Hours

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Monday10:00 AM — 08:00 PM
Tuesday10:00 AM — 08:00 PM
Wednesday10:00 AM — 08:00 PM
Thursday10:00 AM — 08:00 PM
Friday10:00 AM — 09:00 PM
Saturday10:00 AM — 09:00 PM
Sunday10:00 AM — 08:00 PM
Holiday Hours

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

Carrera 27 #29-145, Floridablanca, Colombia

Insights

Demographic Profile

The trade area for Centro Comercial Plaza Caracolí includes Floridablanca's 270,000 residents and a 1.1 million metro population, with a median age of 32, 70% nuclear family households, 95% literacy, and 68% employment rate dominated by commerce and services. Median household income is COP 3,500,000 monthly, yielding COP 2,000,000 disposable, with spending allocated 15% to apparel, 20% to dining, and 10% to electronics. This supports mid-range retail viability, though weekly grocery patterns and 51% e-commerce adoption may constrain impulse purchases in non-essential categories, while 3.2 average household size drives family-oriented traffic.

Competitive Landscape

Positioned among three key malls in Floridablanca, including Cañaveral and La Florida, Plaza Caracolí faces rivalry from anchors like Falabella and Éxito, which hold 35% and 25% grocery shares respectively. City-wide footfall totals 5 million annual visits, with high loyalty to Caracolí as a top preference for entertainment and dining. Market gaps exist in electronics and luxury segments, but medium saturation in value fashion poses challenges, alongside 20% resident shopping trips to other cities and emerging online competition eroding 15% of local retail spend.

Operational and Leasing Metrics

The property offers 30,000 sqm built area across 145 units, with ample parking for about 2,000 vehicles and a walkability score of 70/100. Rents align with regional averages at COP 2,500,000 monthly, supported by property values of COP 4,000,000,000 per hectare and moderate space availability. Accessibility is strong via 90% public transport coverage, though peak congestion impacts vehicle traffic. Security features low crime indices with CCTV and patrols, and planned expansions align with 6% annual retail growth projections. Potential drawbacks include unnoted infrastructure age and shoplifting rates of 2-3% of sales, requiring vigilant lease terms.

Building Details

Property Type
Regional
Gross Leasable Area
39,500
Year Built
2013
Parking Spaces
1500
Average Monthly Footfall
500,000
Owner
Parque Arauco (51%)
Anchor Tenants
Falabella, Cinemark, Bodytech

Detailed Market Analytics

Primary Catchment Area
5 km Radius
Secondary Catchment Area
15 km Radius
Catchment area population
800,000 People
Population growth rate
1.2 %
Median age
31 Years
Household size
3.1 Persons
Education level (tertiary)
25.0 %

Median household income
2,500,000 COP/month
Unemployment rate
11.5 %
Cost of living index
55 Index (NY=100)

Retail spending per capita
1,200 USD/year
Spending on apparel
300 USD/year
Spending on groceries
600 USD/year
Spending on electronics
150 USD/year

Annual foot traffic
6,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
5,000,000 COP/sqm/year

Number of retail stores
140 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
3 Malls/km²
Tenant diversity
High Level
Unique Concepts
15.0 %

Gross Leasable Area
39,500 sqm
Number of Levels
2 Levels
Average rent per square meter
50,000 COP/sqm/month
Vacancy rate
5.0 %
Lease term flexibility
Medium Level
Available retail space
2,000 sqm

Proximity to main roads
Direct Access
Public transport access
High Level
Parking spaces
1,500 Spaces
Pedestrian traffic
Moderate Level

E-commerce competition
High Level
Click-and-collect adoption
30.0 %
Internet penetration
75.0 %

Retail crime rate
Low Level
Security measures
Advanced Level

Promotional events
50 Events/year
Loyalty program penetration
40.0 %
Digital signage presence
High Level

Projected foot traffic growth
8.0 %
New tenant pipeline
20 Tenants
Mall expansion plans
Ongoing Status
City Snapshot
Floridablanca

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Floridablanca

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