PurposeThe purpose of this paper is to give an overview of the sale‐and‐leaseback transactions in The Netherlands over the past ten years, and to compare the rents and yields in those transactions with what is common on the market at that moment.Design/methodology/approachThe method chosen is a straight mathematical calculation, the only possible way at this initial stage. A unique dataset provided by Vastgoedmarkt is used for this paper.FindingsOf the sale‐and‐leaseback transactions, 60 percent are concluded against a higher rent than the market rent, and contract rent for the biggest areas is on average concluded at 17.4 percent above the market rent.Research limitations/implicationsBecause of the incompleteness of the reporting of the transactions and the lack of transparency in this area, further analysis is necessary.Practical implicationsWhen entering into a sale‐and‐leaseback transaction, the seller and the buyer in particular should be much more aware of the circumstances on the market.Originality/valuePrior papers on sale‐and‐leaseback generally do not consider rents and there are almost no recent papers. This paper does focus on rents and uses data from the past ten years.