I hate to be cynical, but I've seen such leaseback schemes used to inflate sales. Is that the case here? Or is there enough demand or legit usage to justify this kind of arrangement?
It's just another kind of leverage. There's no problem, until there is, and then it's bigger than it would have been. Once all of their sales are leasebacks, you'll know it's about to go boom (of course they won't announce that in their reports).