Item 2. Properties
ITEM 2. PROPERTIES.
We lease all of our existing store locations in the United States, Puerto Rico, and Canada, with lease terms expiring through 2032. The average unexpired lease term for our stores is approximately 0.9 years in the United States, Puerto Rico, and Canada. Generally, we enter into initial lease terms ranging between 1-10 years at inception and provide for contingent rent based on sales in excess of specific minimums. We anticipate that we will be able to extend those leases which we wish to extend on satisfactory terms as they expire or relocate to more desirable locations.
The following table sets forth information with respect to certain of our non-store locations as of January 28, 2023:
Location Use Approximate Sq. Footage Current Lease Term Expiration
Fort Payne, AL (1)
Store Distribution Center / E-commerce Fulfillment Center 700,000 Owned
Ontario, Canada (2)
Store Distribution Center / E-commerce Fulfillment Center 95,000 4/30/2024
500 Plaza Drive, Secaucus, NJ (3)
Corporate Offices 200,000 5/31/2029
Hong Kong, China (3)
Product Support 22,800 4/30/2024
Brownsburg, Indiana (4)
E-commerce Fulfillment Center 315,000 8/31/2024
Ontario, Canada (5)
E-commerce Fulfillment Center 184,000 9/9/2024
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(1) Supports our U.S. stores, wholesale, and e-commerce business.
(2) Supports our Canadian stores and our Canadian e-commerce business .
(3) Supports our U.S. stores, our e-commerce business, our Canadian stores, our international franchisees, and wholesale business.
(4) Supports our U.S. e-commerce business via a third-party provider. The Company's third-party provider currently utilizes 315,000 square feet of space in the 694,000 square foot facility. Occupancy costs are based on transaction volume.
(5) Supports our Canadian e-commerce business via a third-party provider. The Company's third-party provider currently utilizes 184,000 square feet of space in the 286,000 square foot facility. Occupancy costs are based on transaction volume.
On occasion, we may utilize additional third-party facilities to support seasonal warehousing needs.
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.