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Mehrad Mall is located in the city of Karaj, Iran. It is a mid-sized regional shopping center with a focus on a wide variety of retail outlets, including fashion, electronics, and food. The mall is designed to cater to local residents and visitors with moderate to high disposable incomes. It features over 100 stores, a food court, and recreational areas. While the mall has steady foot traffic, its location may limit appeal to those living outside Karaj or visiting from other parts of Tehran, as it is not as centrally located as other large malls in the region.

The infrastructure is reasonably modern, though some reports indicate that maintenance could be improved to ensure long-term sustainability. The property is generally safe, but traffic congestion around the area is an issue during peak hours.

Overall, while the mall has a solid customer base, it is important to consider its access limitations for larger retailers looking to expand their reach.

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Hours of Operation

Hours

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

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

بلوار شريعتی, Karaj, Iran

Insights

Location Accessibility

The mall’s location in Karaj limits its appeal for visitors from further areas like Tehran. For retailers looking to attract a broader audience, this could be a drawback.

Foot Traffic

Despite its location, Mehrad Mall experiences moderate foot traffic, primarily from local residents. Retailers targeting a specific local audience may benefit from its presence.

Maintenance and Infrastructure

The mall’s infrastructure is generally in good condition, but some retailers have reported minor maintenance issues. Retailers should assess the longevity and reliability of the facilities when considering a lease.

Building Details

Property Type
Community
Gross Leasable Area
22,500
Year Built
2020
Parking Spaces
1000
Average Monthly Footfall
250,000
Anchor Tenants
Koton, Viana, Livorno, Bargello, Tartan

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
800,000 People
Population growth rate
1.2 %
Median age
32 Years
Household size
3.8 People
Education level (tertiary)
35.0 %

Median household income
4,500 USD
Unemployment rate
12.0 %
Cost of living index
65 Index

Retail spending per capita
1,200 USD
Spending on apparel
300 USD
Spending on groceries
500 USD
Spending on electronics
200 USD

Annual foot traffic
3,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
2,500 USD

Number of retail stores
120 Stores
Anchor tenant presence
Yes
Competitor density (same category)
10 Stores
Tenant diversity
40.0 %
Unique Concepts
15 Stores

Number of Levels
4 Levels
Average rent per square meter
30 USD
Vacancy rate
8.0 %
Lease term flexibility
Moderate
Available retail space
1,800 Square Meters
Gross Leasable Area
22,500 Square meters

Proximity to main roads
0.5 km
Public transport access
Yes
Parking spaces
1,000 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
20.0 %
Internet penetration
80.0 %

Retail crime rate
Low
Security measures
High

Promotional events
12 Events
Loyalty program penetration
30.0 %
Digital signage presence
Yes

Projected foot traffic growth
3.0 %
New tenant pipeline
5 Stores
Mall expansion plans
No
City Snapshot
Karaj

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Top retail destinations across Iran.

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City Snapshot
Karaj

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