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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
| Monday | 08:00 AM — 10:00 PM |
| Tuesday | 08:00 AM — 10:00 PM |
| Wednesday | 08:00 AM — 10:00 PM |
| Thursday | 08:00 AM — 10:00 PM |
| Friday | 08:00 AM — 10:00 PM |
| Saturday | 08:00 AM — 10:00 PM |
| Sunday | 08:00 AM — 10:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
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.
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