In a sale-leaseback transaction, a company that owns and operates out of its corporate facility sells the physical real estate to an institutional investor for cash. Concurrently with the sale, the company signs a long-term, absolute triple-net (NNN) lease back from the new owner, turning into a tenant. This corporate finance strategy allows the business to unlock 100% of its illiquid real estate equity to fund core operations, acquisitions, or debt paydowns, while allowing the investor to secure a stable, predictable, long-term cash flow stream.