Item 2. Properties
Item
2. Properties.
Our
principal executive offices are located at 8201 Peters Road, Suite 1000, Plantation, FL 33324, and our telephone number is (954) 255-4000.
We lease several distribution center facilities:
●
Shepherdsville,
Kentucky — A 662,087 square foot facility leased for $5.86 per square foot through January 31, 2031. with
3.25% annual increases to base rent. In addition, we retain the right to extend for an additional term of five years at fair market
rent.
●
Shepherdsville,
Kentucky (Additional Storage Facility) We have vacated our previous cold storage building and moved to a new facility
that charges $11.00 per pallet with a $14,000 monthly minimum, which equates to 1,273 pallets. This facility can accommodate up to
3,000 skids. There is no time limit set for this agreement
●
Shakopee,
Minnesota — A 29,688 square foot facility leased for $7.84 per square foot through September 30, 2025.
We
also maintain marketing and sales offices in six cities throughout the United States and believe our facilities are adequate and suitable
for our current business needs and expect to continue to reduce reliance on fixed office space in the future.
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