Pre-Leased ICICI Bank — Full Building, Noida | Commercial Property
Covenant, lease term, yield and exit — reviewed with the VRX Capital advisory desk.
A rare full-building pre-leased commercial asset in Noida, tenanted by ICICI Bank on a fresh 9-year lease commencing September 2026. The property spans Basement, Ground, and First Floor with 4,000 sqft of carpet area — offering institutional-grade rental income with structural yield growth built into the lease terms.
ICICI Bank's tenancy provides institutional-grade rent security with a long-dated lease — one of India's most creditworthy commercial tenants. The fresh 9-year lease starting September 2026 locks in long-term income visibility, while 14% escalation every three years structurally grows yield from 4.24% to 5.51% post-first escalation. Full-building ownership (Basement + Ground + First Floor) offers superior control compared to floor-only assets. Metro proximity in Noida's commercial belt adds long-term capital appreciation potential, and the 3-month security deposit protects investor downside.