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 September 29, 2024:
Del Taco Jack in the Box
Company-
Operated Franchise Total Company-
Operated Franchise Total
Alabama — 2 2 — — —
Arizona — 39 39 5 173 178
California 111 244 355 98 848 946
Colorado — 19 19 — 18 18
Florida 3 10 13 — — —
Georgia — 23 23 — — —
Hawaii — — — — 29 29
Idaho — 12 12 — 33 33
Illinois — — — 2 11 13
Indiana — — — — 3 3
Kansas — — — 5 — 5
Kentucky — — — 2 — 2
Louisiana — — — — 16 16
Michigan 9 1 10 — — —
Mississippi — 1 1 — — —
Missouri — — — 3 34 37
Nevada — 44 44 — 79 79
New Mexico — 13 13 — 8 8
North Carolina — — — — 18 18
Ohio — 2 2 — 2 2
Oklahoma 10 — 10 8 7 15
Oregon — 8 8 — 41 41
South Carolina — — — — 8 8
Tennessee — — — — 4 4
Texas — — — 23 559 582
Utah — 36 36 4 8 12
Virginia — 1 1 — — —
Washington — 6 6 — 138 138
Guam — — — — 2 2
Mexico — — — — 2 2
133 461 594 150 2,041 2,191
22
Of the total 594 Del Taco and 2,191 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 1 — 1 11 172 183
On leased land 31 40 71 54 532 586
Subtotal 32 40 72 65 704 769
Company-leased restaurant buildings on leased land 101 156 257 85 971 1,056
Franchise directly-owned or directly-leased restaurant buildings — 265 265 — 366 366
Total restaurant buildings 133 461 594 150 2,041 2,191
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 37% 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.