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Ajmer Road , Jaipur
9.1%
HIGH RENTAL YIELD
16.1%
HIGH RETURNS
₹3,214 psf
ATTRACTIVE PRICE
Ajmer Road
LOCATION
Name
Flipkart
Country
India
Description
Flipkart is India’s largest e-commerce player and a subsidiary of Walmart, the largest retailer in the world, with $6.5+ bn in annual revenue and 22,000+ employees
Time Period
Lease Start Date
20 Sep 2022
Lock-in Period
4 YEARS
Lease End Date
30 May 2033
Tenant Highlights
5,28,631 SF
Total Area
₹23.18
Rent Per SF
9 YEARS
Lease Period
12.48%
Escalation
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Jaipur Logistics Park is a Grade A logistics park located on Ajmer Road, one of the most active warehousing clusters in India.
Proposed unit is spread across the ground and mezzanine floors totaling 5,28,631 sf
This is a rare opportunity to purchase a new Grade A+ logistics park leased to Flipkart, India’s largest e-commerce player for 9 years (4.3-year lock-in). at a purchase price of ₹3,214 per sf implying a 9.1% yield and a 16.1% IRR.
The asset is 100% leased to Flipkart (subsidiary of Walmart) and spans across 3 boxes, totalling 528,631 sf over a large site area of 20.18 acres. The park is Flipkart’s largest distribution-cum-fulfilment center in the West with Flipkart having spent extensively on the fit-outs including racking systems, turnstiles, office, cafeteria, CCTV systems, etc.
We believe this is a great opportunity to acquire a Grade A+ Logistics Park with a marquee tenant and a long average lock-in period of 4.3 years.
Investment Note
Detailed Investment Note
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Rental Yield
9.1%
Monthly Rent
₹ 16,873
Ownership
0.1%
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