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Shopping Cerrado is a mid-sized regional shopping center in Goiania, Brazil, situated in the Setor Aeroviario along Avenida Anhanguera. With 28,000 square meters of gross leasable area and approximately 140 stores, it opened in 2016 and targets middle-income families from Goiania and nearby Trindade. The tenant mix includes national chains in fashion, electronics, and home goods, alongside local retailers, a Cinepolis cinema as an anchor, diverse food court options, and family entertainment zones.

Occupancy hovers at 85-90%, reflecting ongoing maturation with some vacancies in non-essential categories.

Accessibility benefits from free parking for over 1,000 vehicles, proximity to residential neighborhoods, and public transport links, though traffic congestion on major avenues can pose challenges. In Goiania's retail market, characterized by agribusiness-driven growth and a population exceeding 1.5 million, the mall positions as a convenience hub amid competition from larger venues like Flamboyant Shopping.

Rent levels range from R$120-180 per square meter monthly, offering value for mid-tier brands. Footfall averages 5,000-7,000 daily visitors, supported by demographics featuring average household incomes of R$4,000-6,000 and a young, urban profile.

Leasing advantages include flexible terms and marketing support, but risks involve category saturation in apparel and economic sensitivity in central Brazil's volatile sectors.

Operational quality is solid with modern infrastructure, yet aging elements in surrounding areas may impact long-term appeal.

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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
Sunday11:00 AM — 10:00 PM
Holiday Hours

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

Avenida Anhanguera, nº 10.790, Goiânia, Brazil

Insights

Demographic Profile

The primary catchment area encompasses Setor Aeroviario and adjacent neighborhoods in Goiania, serving a population of around 300,000 within a 10-km radius, including Trindade's commuter base. Demographics skew toward middle-class families with household sizes of 3-4 members and incomes averaging R$4,000-6,000 monthly, driven by agribusiness, services, and public sector employment. Age distribution features 40% under 30, fostering demand for youth-oriented retail like casual apparel and entertainment. High vehicle ownership (over 70%) aids accessibility, but reliance on cars highlights parking as a key draw. Challenges include income inequality, with 20% below R$2,000, limiting luxury segment potential and emphasizing value-driven shopping patterns.

Competitive Landscape

Goiania hosts over 10 major malls, with Flamboyant Shopping (GLA 130,000 sqm) and Passeio das Aguas (GLA 100,000 sqm) dominating as regional anchors drawing 15,000+ daily visitors through premium tenant mixes and events. Shopping Cerrado differentiates via localized convenience and lower rents, capturing 10-15% of citywide footfall in its quadrant. Strengths include the top-rated Cinepolis cinema boosting dwell time by 20-30%, while weaknesses involve weaker national brand presence compared to rivals, leading to 10% lower sales per sqm (estimated R$8,000-10,000 annually). Market saturation in fashion (30% of tenants) risks cannibalization, and economic slowdowns in soy exports could reduce spending by 5-10%. Strategic positioning near the airport supports tourism spillover, but access issues during peak hours may deter 15% of potential traffic.

Operational Metrics and Lease Terms

Occupancy at 85-90% reflects steady improvement from 70% at launch, with food and entertainment achieving near-full rates due to high turnover. Daily footfall of 5,000-7,000 yields conversion rates of 40-50%, supported by free parking and wide corridors enhancing flow. Rent structures feature base rates of R$120-180/sqm/month plus 8-10% turnover percentage, competitive against city averages of R$150-250. Lease terms offer 3-5 year initial periods with renewal options and fit-out allowances up to R$500/sqm for anchors. Risks include maintenance costs from Goiânia's humid climate affecting HVAC systems, and vacancy pressures in weak categories like books (5% of space). Overall, the mall's operational quality scores 4.2/5 in reviews, with strengths in cleanliness but drawbacks in Wi-Fi reliability during peaks.

Building Details

Property Type
Regional
Gross Leasable Area
28,000
Year Built
2016
Parking Spaces
1800
Average Monthly Footfall
500,000
Owner
Odilon Santos Group
Anchor Tenants
Cinemark, Renner, Riachuelo

Detailed Market Analytics

Primary Catchment Area
5 km radius
Secondary Catchment Area
20 km radius
Catchment area population
750,000 People
Population growth rate
1.2 %
Median age
32 Years
Household size
3.0 Persons per household
Education level (tertiary)
25.0 %

Median household income
4,500 BRL
Unemployment rate
7.0 %
Cost of living index
35 Index (NY=100)

Retail spending per capita
11,680 BRL per year
Spending on apparel
1,200 BRL per year
Spending on groceries
3,500 BRL per year
Spending on electronics
600 BRL per year

Annual foot traffic
6,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
8,000 BRL per year

Number of retail stores
180 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
3 Malls per 100,000 people
Tenant diversity
High Qualitative
Unique Concepts
10 Unique stores

Gross Leasable Area
28,000 sqm
Number of Levels
2 Levels
Average rent per square meter
150 BRL per month
Vacancy rate
5.0 %
Lease term flexibility
Medium Qualitative
Available retail space
3,000 sqm

Proximity to main roads
Direct access Qualitative
Public transport access
Good Qualitative
Parking spaces
1,800 Spaces
Pedestrian traffic
Moderate Qualitative

E-commerce competition
High Qualitative
Click-and-collect adoption
60.0 %
Internet penetration
80.0 %

Retail crime rate
Low Qualitative
Security measures
Advanced Qualitative

Promotional events
50 Events per year
Loyalty program penetration
40.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
2.0 %
New tenant pipeline
15 New tenants
Mall expansion plans
None announced Qualitative
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Goiânia, GO

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