If you’re looking to lease land rather than buy, we’ve got you covered
In obtaining a piece of land for commercial development, it’s probably more common to buy than to lease. But sometimes leasing can make good sense from a business point of view for both landlord and tenant.
A land lease, or a ground lease as it is sometimes called, usually runs for a fairly long period of time – 50 years or more is not uncommon. Often the tenant will construct a new building on the leased property, and under the lease terms they may then own the new facility, which may or may not revert to the landowner at the conclusion of the lease.
Sometimes leasing a piece of commercial acreage in a prime location is a good idea for the leasing party simply because the land is not for sale, and renting it is the only way to get access to the site for purposes of development. Some restaurant chains, for example, make extensive use of land leases for this reason.
Leasing land rather than purchasing it also typically requires less up-front cash, which leaves the party developing the site with more funds to devote to other business needs. And with the right leasing terms, the landowner will sometimes put up the land as collateral to secure the loan to finance the construction, essentially becoming a partner in the business venture.
Landowners like ground leases because they allow them to retain ownership of the land while generating a steady income from rent.
An extensive portfolio of prime sites
From the time of our founding in 1935 as a farm brokerage, the Schueler Group has assembled some of the most desirable parcels of commercial land in the Cincinnati-Dayton and northern Kentucky region, many of them located along major interstates, and including 3,000 acres in more than 20 business parks.
If you’re looking to lease a well-located site on which to build a new business facility, we have plenty for you to choose from. We also have the expertise to assist you with working out the most favorable leasing terms, and with planning and obtaining financing for your project.
Look to us if you’re looking for land to lease.
Learn more about our business parks.