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Shopping Grande Rio is a regional mall in São João de Meriti, Baixada Fluminense, inaugurated in 1995. It spans 95,000 sqm GLA with 280 stores over three levels, owned 50% by Allos. Occupancy is near 98%, bolstered by 2008 expansions and 2019 revitalizations. Anchors: Renner, Riachuelo, Casa Bahia, Marisa, Lojas Americanas, Leader, Ponto Frio, Smart Fit, Kinoplex cinema.
Tenant mix focuses on fashion, electronics, home, entertainment, services; apparel category shows saturation. Serves 1.2M catchment (5km), local pop 460K, youthful (64% 17-34), 41% medium-high income, avg HH 3,600 BRL/mo, 18% unemployment. Footfall: 1.32M monthly, 12M yearly, 90min dwell, 25% repeat.
Accessibility via Dutra highway, buses; 2,046 spots, moderate congestion. Rents: 150 BRL/sqm/mo, 4.5% escalation. 15% market share in competitive area (3 malls/km²). Sales: 5K BRL/sqm/yr. Advantages: stable traffic, mix synergies, renovations for mid-tier retail. Risks: competition (Caxias, Top Shopping), economic sensitivity, infrastructure aging, category refresh needed.
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Hours of Operation
Hours
| Monday | 10:00 AM — 10:00 PM |
| Tuesday | 10:00 AM — 10:00 PM |
| Wednesday | 10:00 AM — 10:00 PM |
| Thursday | 10:00 AM — 10:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 01:00 PM — 09:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Market Factors
The primary catchment area within 5 km includes 1.2 million residents with 0.7% growth, average age 34, 3.1 persons/household, and 18% unemployment. Visitor profile: 55% local, 68% female, 64% aged 17-34, 41% medium-high income. Average spending: 2,500 USD/year overall, 450 USD on apparel. This supports value retail but exposes to economic downturns in lower-middle class suburbs, influencing retail performance through variable consumer confidence.
Competition and Accessibility
Faces competition from Caxias Shopping (27,600 sqm) and Top Shopping Nova Iguaçu (32,319 sqm), with high density of 3 malls/km² potentially sharing traffic. Accessibility via Rodovia Presidente Dutra and public transport is adequate but prone to congestion; 2,046 parking spaces aid suburban access. Operational quality improved by recent renovations, though aging infrastructure remains a concern affecting long-term appeal.
Lease Terms and Performance Metrics
Rents average 150 BRL/sqm/month with 4.5% annual escalation, often including turnover percentages, suitable for regional positioning. Performance: 98% occupancy, 1.32M monthly footfall, 5,000 BRL/sqm/year sales. Advantages include high repeat visits (25%) and event programming (50/year); drawbacks: apparel saturation risks lower sales in weak categories, market saturation in Baixada Fluminense limits growth potential.
Building Details
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City Snapshot
São João De Meriti, RJ
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City Snapshot
São João De Meriti, RJ
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