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 28, 2025:
Del Taco Jack in the Box
Company-
Operated Franchise Total Company-
Operated Franchise Total
Alabama — 2 2 — — —
Arizona — 38 38 5 164 169
California 94 257 351 96 845 941
Colorado 17 2 19 — 17 17
Florida 3 11 14 — — —
Georgia — 13 13 — — —
Hawaii — — — — 29 29
Idaho — 10 10 — 33 33
Illinois — — — 10 11 21
Indiana — — — — 4 4
Kentucky — — — 2 1 3
Louisiana — — — — 15 15
Michigan 9 1 10 — — —
Mississippi — 1 1 — — —
Missouri — — — — 29 29
Nevada — 43 43 — 79 79
New Mexico — 10 10 — 8 8
North Carolina — 1 1 — 17 17
Ohio — 3 3 — 2 2
Oklahoma 9 — 9 6 7 13
Oregon — 8 8 — 41 41
South Carolina — — — — 8 8
Tennessee — — — — 4 4
Texas — — — 23 526 549
Utah — 37 37 8 10 18
Virginia — 1 1 — — —
Washington — 6 6 — 131 131
Guam — — — — 2 2
Mexico — — — — 3 3
132 444 576 150 1,986 2,136
Of the total Del Taco and 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 2 — 2 8 156 164
On leased land 30 39 69 55 510 565
Subtotal 32 39 71 63 666 729
Company-leased restaurant buildings on leased land 100 160 260 87 933 1,020
Franchise directly-owned or directly-leased restaurant buildings — 245 245 — 387 387
Total restaurant buildings 132 444 576 150 1,986 2,136
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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 34% 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 14,000 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.