Item 2. Properties
ITEM 2. PROPERTIES
The following table sets forth information about our restaurant locations (by segment, by state) for all restaurants in operation as of October 1, 2023:
Del Taco Jack in the Box
Company-
Operated Franchise Total Company-
Operated Franchise Total
Alabama — 1 1 — — —
Arizona — 39 39 5 173 178
California 148 210 358 97 846 943
Colorado — 20 20 — 17 17
Florida 1 6 7 — — —
Georgia 12 11 23 — — —
Hawaii — — — — 28 28
Idaho — 11 11 — 33 33
Illinois — — — — 11 11
Indiana — — — — 3 3
Kansas — — — 5 — 5
Kentucky — — — 1 — 1
Louisiana — — — — 16 16
Michigan — 10 10 — — —
Mississippi — 1 1 — — —
Missouri — — — 3 34 37
Nevada — 45 45 — 79 79
New Mexico — 13 13 — 8 8
North Carolina — — — — 18 18
Ohio — 4 4 — 2 2
Oklahoma 10 — 10 8 7 15
Oregon — 9 9 — 41 41
South Carolina — — — — 8 8
Tennessee — — — — 4 4
Texas — — — 22 563 585
Utah — 35 35 1 5 6
Washington — 6 6 — 146 146
Guam — — — — 2 2
171 421 592 142 2,044 2,186
Of the total 592 Del Taco and 2,186 Jack in the Box restaurants, our interest in restaurant properties consists of the following:
Del Taco Jack in the Box
Company-
Operated Franchise Total Company-
Operated Franchise Total
Company-owned restaurant buildings:
On company-owned land — — — 11 178 189
On leased land 1 — 1 49 543 592
Subtotal 1 — 1 60 721 781
Company-leased restaurant buildings on leased land 170 153 323 82 987 1,069
Franchise directly-owned or directly-leased restaurant buildings — 268 268 — 336 336
Total restaurant buildings 171 421 592 142 2,044 2,186
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Our restaurant leases generally provide for fixed rental payments (with cost-of-living index adjustments) plus real estate taxes, insurance, and other expenses. For Jack in the Box, approximately 13% of the leases provide for contingent rental payments between 1% and 10% of the restaurant’s gross sales once certain thresholds are met. For Del Taco, approximately 31% of the leases provide for contingent rental payments between 2% 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. We also lease an office, consisting of approximately 40,000 square feet in Lake Forest, California.
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.