Capital gains on owner financed sale of commercial property

[Matt Clark]

I'm thinking of selling a commercial property I own outright. I would finance buyer for ten years. Am I correct in assuming that I will pay the capital gains but just spread it out over the ten years, or do I just pay the income tax based on the amount I receive in payments each year? I'm trying to figure out if it is smarter to sell without financing and just pay gains up front or to finance and spread out liability. Thank you in advance for any info!