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Retail Park Tamarindo in Tamarindo, Costa Rica, is a 7,500 sqm mixed-use center with retail on ground floor and offices above, 200m from the beach on main Ruta 152. It serves a tourist-driven economy, with tenant mix of 35 stores including anchor Super Compro supermarket, surf shops, dining, and services. Targets affluent 25-45 year-olds, expats, and locals (50,000 district pop, 29.3 avg age, 4.5% growth).
Occupancy 85-90%, monthly footfall 62,500 (high season 1,500-3,000 daily, low 500-800), dwell time 75 min, conversion 22%. Rents $25-45/sqm/month, 3-5 yr leases, 5-8% escalations, plus CAM $5-10/sqm. Strong market position as local hub, avg sales $8,000-12,000/sqm/yr in tourist categories. Advantages: seasonal boosts, flexible terms for pop-ups, tourism synergies. Drawbacks: seasonal volatility, surf category saturation (20+ shops nearby), limited parking (150 spaces), unpaved access roads, competition from nearby plazas.
Operational: built 2005, adequate utilities, low security risk, 12 events/yr boost footfall 20%. E-commerce at 15%, in-store preferred.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Tamarindo's demographics feature 5,000 locals, growing expat base from US/Europe, and 500,000+ annual tourists aged 25-45 with $100-200 daily spends. District pop 50,000, avg household 3.2, urbanization 28%. Footfall averages 62,500 monthly, peaking at 3,000 daily in Dec-Apr, dropping to 500-800 in rainy season. This supports year-round expat retail but highlights seasonal risks for tourism-dependent tenants.
Tenant Mix and Competition
Tenant mix emphasizes convenience (supermarket anchor), lifestyle (surf/eco shops), and services, with low internal competition but high external in apparel/surf (20+ shops within 1km). Nearby rivals like Plaza Conchal (intl brands) and Tamarindo Garden Plaza (luxury) draw similar traffic, positioning this as a mid-tier neighborhood center. Differentiation via local focus aids smaller retailers, but saturation limits expansion in weak categories.
Lease Terms and Risks
Rents $25-45/sqm/month with triple-net structures, 3-5 year terms, 5-8% annual escalations. Advantages include negotiable build-outs and short-term options for seasonal ops. Risks: rainy season revenue drops (tourism occ 50-65% low season), hurricane threats, zoning limits expansion, parking shortages during peaks, and rising e-commerce (15% penetration). Overall, suitable for stable convenience retail amid 5-7% regional demand growth.
Building Details
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City Snapshot
Tamarindo
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City Snapshot
Tamarindo
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