Real Estate Included vs Leased
Whether the buyer is purchasing the land and building with the business, or only the operating business under a lease.
Last updated September 5, 2026
A listing should state whether real estate is included, available separately, or leased from a third party or the seller. Included real estate changes price, financing (often SBA 504 or a larger 7(a)), taxes, and cap-rate analysis. A leased deal lives or dies on assignment terms, remaining term, rent, and renewal options. Mixed structures — buy the business now, option the building later — need both a purchase agreement and a lease or purchase contract for the property.