Item 2. Properties
ITEM 2. PROPERTIES
The following table sets forth information about our restaurant locations (by state) for all restaurants in operation as of October 3, 2021:
Company-
Operated Franchise Total
Arizona 5 168 173
California 107 835 942
Colorado — 17 17
Hawaii — 30 30
Idaho — 33 33
Illinois — 12 12
Indiana — 3 3
Kansas 3 2 5
Louisiana — 16 16
Missouri 1 54 55
Nevada — 77 77
New Mexico — 8 8
North Carolina — 18 18
Ohio — 2 2
Oklahoma 8 8 16
Oregon 16 34 50
South Carolina — 9 9
Tennessee — 9 9
Texas 23 569 592
Utah — 3 3
Washington — 147 147
Guam — 1 1
163 2,055 2,218
Of the total 2,218 restaurants, our interest in restaurant properties consists of the following:
Company-
Operated Franchise Total
Company-owned restaurant buildings:
On company-owned land 10 196 206
On leased land 57 555 612
Subtotal 67 751 818
Company-leased restaurant buildings on leased land 96 1,011 1,107
Franchise directly-owned or directly-leased restaurant buildings — 293 293
Total restaurant buildings 163 2,055 2,218
Our restaurant leases generally provide for fixed rental payments (with cost-of-living index adjustments) plus real estate taxes, insurance, and other expenses. In addition, approximately 14% of our leases provide for contingent rental payments between 1% and 12% of the restaurant’s gross sales once certain thresholds are met. We have generally been able to renew our restaurant leases as they expire at then-current market rates.
In addition to the restaurant locations, we own our corporate headquarters located in San Diego, California, which consists of approximately 70,000 square feet and approximately four acres of undeveloped land directly adjacent to it.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.