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Daily Essentials & GroceryHypermarket TrafficNational ChainsLocal ServicesValue & Discount Retail

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Co.opmart Sơn Trà is a supermarket situated at the Binh Than – Tran Nhan Tong intersection in Son Tra district, Da Nang, Vietnam.

Spanning 3,000 square meters of business area, it represents the second Co.opmart branch in the city, with an investment of about 45 billion VND in setup and stock. The store stocks over 30,000 items, 90% Vietnamese-made, including fresh foods, packaged goods, cosmetics, apparel, household essentials, and services like banking and repairs. In Da Nang's retail market, which saw 88% occupancy and 31 USD/sqm/month average rents in Q2 2024, this property holds a neighborhood position serving daily needs.

Tenant mix centers on the supermarket anchor, with space for minor vendors in food and convenience categories. Footfall draws from local residents, supported by the city's 1.2 million population and tourism influx. Leasing benefits include steady demand in a growing economy with 5-7% annual retail sales increase, accessible via major roads, though limited public transit. Drawbacks encompass competition from larger chains like Lotte Mart and Big C, plus district-specific issues like traffic congestion and moderate infrastructure quality.

Overall, it suits retailers targeting affordable, local-oriented segments amid Vietnam's retail recovery post-2023 slowdown.

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Hours of Operation

Hours

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Monday08:00 AM — 10:00 PM
Tuesday08:00 AM — 10:00 PM
Wednesday08:00 AM — 10:00 PM
Thursday08:00 AM — 10:00 PM
Friday08:00 AM — 10:00 PM
Saturday08:00 AM — 10:00 PM
Sunday08:00 AM — 10:00 PM
Holiday Hours

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

Bình Than, Da Nang, Vietnam

Insights

Demographic Profile

Son Tra district in Da Nang features around 150,000 residents, mainly young families and professionals with median household incomes of 4,000-6,000 USD yearly. The broader Da Nang area has a population of 1.2 million, median age 32, and rising middle class, fostering demand for value retail. Proximity to beaches and My Khe tourist area adds seasonal footfall from domestic and international visitors, estimated at 20-30% uplift in summer. This profile supports stable grocery traffic but limits luxury retail potential due to income levels and preference for budget options.

Competition and Market Saturation

Da Nang's retail sector is competitive, with Co.opmart Sơn Trà vying against Big C, Lotte Mart, and traditional markets in the grocery space. Occupancy remains high at 88%, but supermarket saturation in Son Tra poses risks, with e-commerce platforms like Shopee eroding 10-15% of physical sales annually. Strengths lie in local product focus and lower rents (25-30 USD/sqm vs. 40+ in malls), yet weaknesses include limited category diversity and vulnerability to economic dips affecting consumer spending, which grew 6% in 2024.

Accessibility and Infrastructure

Positioned at a busy intersection, the property benefits from good vehicular access on Tran Nhan Tong street, with on-site parking for over 100 vehicles and motorbike spaces suited to local habits. Operational hours from 8 AM to 10 PM enhance convenience, and modern fixtures ensure efficient flow. Challenges include Da Nang's traffic issues, moderate bus connectivity, and potential aging roads in Son Tra, which could impact delivery logistics. Overall, accessibility scores average for neighborhood retail, with footfall estimates of 1,000-2,000 daily visitors driven by residential proximity.

Building Details

Property Type
Retail
Gross Leasable Area
6500
Year Built
2005
Parking Spaces
200
Average Monthly Footfall
66,667
Owner
Saigon Co.op
Anchor Tenants
Co.opmart

Detailed Market Analytics

Primary Catchment Area
5 km Radius
Secondary Catchment Area
10 km Radius
Catchment area population
250,000 People
Population growth rate
1.5 %
Median age
32 Years
Household size
3.5 Persons
Education level (tertiary)
25.0 %

Median household income
15,000,000 VND per month
Unemployment rate
2.0 %
Cost of living index
45 Index (NY=100)

Retail spending per capita
40,000,000 VND per year
Spending on apparel
5,000,000 VND per year
Spending on groceries
20,000,000 VND per year
Spending on electronics
3,000,000 VND per year

Annual foot traffic
800,000 Visitors
Dwell time
40 Minutes
Conversion rate
85.0 %
Sales per square meter
15,000 USD per year

Number of retail stores
20 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
5 Competitors within 10 km
Tenant diversity
Medium Level
Unique Concepts
Local Vietnamese products Concepts

Gross Leasable Area
6,500 sqm
Number of Levels
2 Levels
Average rent per square meter
500,000 VND per month
Vacancy rate
0.0 %
Lease term flexibility
Standard 3-5 years Years
Available retail space
0 SQM

Proximity to main roads
High Level
Public transport access
Good Level
Parking spaces
200 Spaces
Pedestrian traffic
Medium Level

E-commerce competition
High Level
Click-and-collect adoption
10.0 %
Internet penetration
80.0 %

Retail crime rate
1 Incidents per 1,000 visitors
Security measures
CCTV and guards Measures

Promotional events
Yes Presence
Loyalty program penetration
30.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
Low Level
Mall expansion plans
nan Plans
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Da Nang

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