Sale-leasebacks are a smart option for business owners who would rather not tie-up cash in a major real estate purchase, said Chris Volk, CEO of STORE Capital. Volk added that using financing from STORE offers businesses far more flexibility than they would typically receive from a bank. He said restaurants make up nearly a quarter of STORE’s portfolio and the sale-leaseback model is especially popular with franchise owners because they can focus on growing their sales and not worry about the underlying property. Finally, Volk said he is looking for expansion opportunities in 2015 and will reassess STORE’s dividend which is currently near 4.6%.
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