One of the most common mistakes my team sees when working with sponsors evaluating potential sale-leasebacks: Comparing rent vs. debt service Instead of rent vs. opportunity cost If your business's return on equity is 15-20%+, you shouldn't ask, “Is rent higher than my mortgage?” You should ask: “Would additional capital meaningfully help my business?” Sometimes owning the building makes sense, sometimes freeing up capital does. Depends on the business and goals. Every opportunity is different. Happy to help assess these decisions - redacted