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National ChainsFamily EntertainmentCinema & LeisureDaily Essentials & GroceryQuick-Service Dining

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Ultra-Luxury PositioningSmall Format RetailBudget Brands
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Novare Central is a premier shopping mall in Abuja, Nigeria, offering a diverse selection of retail stores, dining options, and entertainment facilities.

The mall spans over 10,000 square meters of gross leasable area (GLA) with multiple levels, catering to a wide range of shoppers. Located in the heart of Abuja, it benefits from a prime location with significant foot traffic. Its tenant mix includes a blend of international and local brands, providing ample options for customers. However, while the mall has a modern infrastructure, it faces challenges related to parking and traffic congestion, especially during peak hours, which can deter customers.

The security and maintenance are well-managed, making it a reliable shopping destination, but some retailers have noted the mall's tendency to experience slower traffic during off-peak hours, which could impact sales in some categories.

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Hours of Operation

Hours

Checking...
Monday09:00 AM — 09:00 PM
Tuesday09:00 AM — 09:00 PM
Wednesday09:00 AM — 09:00 PM
Thursday09:00 AM — 09:00 PM
Friday09:00 AM — 09:00 PM
Saturday09:00 AM — 09:00 PM
Sunday10:00 AM — 09:00 PM
Holiday Hours

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

Plot 502, Dalaba Street, Abuja, Nigeria

Insights

Location Advantage

Located in the heart of Abuja, Novare Central attracts significant foot traffic from both local residents and visitors, making it an ideal location for retail businesses seeking visibility.

Retail Mix

With a combination of international and local brands, the mall offers a balanced retail mix, providing diverse options for shoppers and catering to different market segments.

Parking and Traffic

Parking can be an issue, particularly during peak hours, which may affect customer convenience and deter potential shoppers from visiting the mall at busy times.

Building Details

Property Type
Community
Gross Leasable Area
12,491
Year Built
2018
Parking Spaces
240
Average Monthly Footfall
416,667
Owner
Novare Equity Partners
Anchor Tenants
Shoprite, Genesis Deluxe Cinemas, Creamy Planet, Active Leisure

Detailed Market Analytics

Primary Catchment Area
10 Kilometers
Secondary Catchment Area
25 Kilometers
Catchment area population
2,500,000 People
Population growth rate
2.5 %
Median age
28 Years
Household size
5.2 People
Education level (tertiary)
35.0 %

Median household income
3,600 USD
Unemployment rate
13.5 %
Cost of living index
65 Index

Retail spending per capita
1,200 USD
Spending on apparel
250 USD
Spending on groceries
600 USD
Spending on electronics
150 USD

Annual foot traffic
5,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
3,500 USD

Number of retail stores
54 Stores
Anchor tenant presence
Yes
Competitor density (same category)
8 Stores per category
Tenant diversity
70.0 %
Unique Concepts
10 Stores

Number of Levels
3 Levels
Average rent per square meter
40 USD
Vacancy rate
5.0 %
Lease term flexibility
Moderate
Available retail space
625 SQUARE METERS
Gross Leasable Area
12,491 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
High
Parking spaces
240 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
20.0 %
Internet penetration
70.0 %

Retail crime rate
Low
Security measures
High

Promotional events
12 Events per year
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
Abuja

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City Snapshot
Abuja

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