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Brand Fit Snapshot

Best for:

Daily Essentials & GroceryQuick-Service DiningLocal ServicesHealth & WellnessHypermarket Traffic

Not ideal if:

Ultra-Luxury PositioningDestination RetailLarge Footprint Retail

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Plaza de la Inmaculada is a neighborhood commercial plaza in central Alajuela, Costa Rica, covering about 4,000 sqm of leasable space across single-level retail units. Positioned in a densely populated residential zone, it serves as a convenience hub for daily shopping needs rather than destination retail. The tenant mix prioritizes essentials: 45% groceries and pharmacy (anchored by a local supermarket), 25% food services (cafes and quick-service eateries), 20% personal care and services (salon, bank ATM), and 10% apparel and miscellaneous.

With occupancy at 88%, it maintains stable performance amid Alajuela's growing population of over 300,000 in the province.

Rent levels range from $12-18 per sqm monthly, lower than regional averages of $25 in larger malls, offering cost-effective entry for small retailers.

Accessibility via Avenida 2 and local buses is straightforward, though limited to 40 parking spots; footfall averages 1,500 daily, driven by proximity to schools and offices. Demographics feature middle-income households ($800-1,200 monthly) aged 30-50, with families comprising 60% of visitors.

Operational quality includes basic maintenance, with updates to electrical systems in 2022.

Leasing advantages encompass flexible terms (1-3 years) and low competition for category-specific spaces. Drawbacks involve indirect competition from City Mall (5km away, 95% occupancy) drawing premium shoppers, potential access congestion during peak hours, and vulnerability to economic slowdowns affecting local spending. Market saturation in general merchandise persists, but opportunities exist in underserved health and wellness niches.

Overall, it suits operators targeting steady, localized traffic over high-volume sales.

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Hours of Operation

Hours

Checking...
Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

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

Calle Central, Alajuela, Alajuela, Costa Rica

Insights

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Building Details

Property Type
Shopping Centre
Gross Leasable Area
12,000
Year Built
2010
Parking Spaces
600
Average Monthly Footfall
100,000
Owner
Private Owner
Anchor Tenants
Walmart, Local Supermarket

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
20 km
Catchment area population
250,000 People
Population growth rate
1.8 %
Median age
31 Years
Household size
3.2 Persons
Education level (tertiary)
35.0 %

Median household income
12,500 USD/year
Unemployment rate
11.2 %
Cost of living index
55 Index

Retail spending per capita
3,200 USD/year
Spending on apparel
450 USD/year/person
Spending on groceries
1,150 USD/year/person
Spending on electronics
380 USD/year/person

Annual foot traffic
1,200,000 Visitors
Dwell time
85 Minutes
Conversion rate
18.0 %
Sales per square meter
4,800 USD/year

Number of retail stores
60 Stores
Anchor tenant presence
Yes
Competitor density (same category)
3 per 10 km²
Tenant diversity
High
Unique Concepts
8

Gross Leasable Area
12,000 sqm
Number of Levels
2 Levels
Average rent per square meter
22 USD/sqm/month
Vacancy rate
6.0 %
Lease term flexibility
Flexible
Available retail space
1,500 sqm

Proximity to main roads
0.3 km
Public transport access
Good
Parking spaces
600 Spaces
Pedestrian traffic
Moderate

E-commerce competition
High
Click-and-collect adoption
25.0 %
Internet penetration
92.0 %

Retail crime rate
Low
Security measures
CCTV, guards, patrols

Promotional events
15 per year
Loyalty program penetration
35.0 %
Digital signage presence
Yes

Projected foot traffic growth
4.5 %
New tenant pipeline
12 Potential tenants
Mall expansion plans
Under consideration
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Alajuela

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