Airport Land Leases
A land lease makes perfect sense for some businesses. As a way to affordably establish a location within a premier business center, choosing to lease rather than buy has its benefits.
At Brooksville – Tampa Bay Regional Airport, the land is owned by Hernando County and subject to FAA oversight. All structures and facilities throughout the 2400 acres are individually owned and located on land leased by the airport. There are many upsides to this approach.
Top 5 benefits of a land lease at BKV
Infrastructure Ready Location
When you lease a parcel of land at BKV, it is fully available for improvement and use; there are no exclusions for drainage, clearing, access or other issues. Utilities and roadways are already in place.
No Down Payment
Unlike the purchase of land for a business location, the significant cost of financing or funding a down payment is not a requirement.
Low, Fixed Monthly Cost
Land lease rates are affordable, consistent and established by annual appraisal with low maximum escalations after five years.
Reduced Tax Burden
Land lease payments can be tax deductible, thus reducing your business overall operating tax burden. No property taxes are due, as Hernando County is the property owner.
Stability and Flexibility
Land lease terms at BKV are typically up to 50 years (30 years with two 10 year extensions). During this time, business tenants can sell owned business structures or improvements and transfer or assign the ground lease to a new owner.