Item 2. Properties
Item 2. Properties
We lease the Pool Corporation corporate offices, which consist of approximately 60,000 square feet of office space in Covington, Louisiana, from an entity in which we have a 50 % ownership interest. We own fifteen sales center facilities, which includes six sales center facilities in Florida, three in Texas, two in Alabama, and one in each of California, Georgia, Mississippi and Tennessee.
As part of our acquisition of Porpoise Pool & Patio, Inc. in December 2021, we own the corporate headquarters, which consist of approximately 46,000 square feet, and the Sun Wholesale Supply facilities located in Florida, which consist of approximately 209,000 square feet. As part of this acquisition, we also acquired a chemical re-packaging plant in Florida, which is approximately 105,000 square feet.
We lease all of our other properties, and the majority of our leases have three to seven year terms. As of December 31, 2023, we had twenty-two leases with remaining terms longer than seven years that expire between 2031 and 2036. Most of our leases contain renewal options, some of which involve rent increases. In addition to minimum rental payments, which are set at competitive rates, certain leases require reimbursement for taxes, maintenance and insurance. We do not believe that any single lease is material to our operations.
Our sales centers range in size from approximately 2,000 square feet to 95,000 square feet and generally consist of warehouse, counter, display and office space. Our centralized shipping locations (CSLs) range in size from approximately 115,000 square feet to 185,000 square feet.
We believe that our facilities are well maintained, suitable for our business and occupy sufficient space to meet our operating needs. As part of our normal business, we regularly evaluate sales center performance and site suitability and may relocate a sales center or consolidate multiple locations if a sales center is redundant in a market, underperforming or otherwise deemed unsuitable. We do not believe that any single lease is material to our operations.
The table below summarizes the changes in our sales centers during the year ended December 31, 2023:
Network 12/31/22 New
Locations Closed
Location
Acquired
Location 12/31/23
SCP (1)
196 7 — 2 205
Superior 73 1 — — 74
Horizon 88 2 — 2 92
NPT (2)
19 2 — — 21
Total Domestic 376 12 — 4 392
SCP International 44 2 — 1 47
Total 420 14 — 5 439
(1) Total includes one distribution location for Sun Wholesale Supply, which we acquired in December 2021. As part of the acquisition, we also acquired non-sales center properties including a chemical re-packaging plant and three Pinch A Penny, Inc. retail stores in Florida.
(2) In addition to the stand-alone NPT sales centers, there are over 100 SCP and Superior locations that have consumer showrooms and serve as stocking locations that feature NPT brand tile and composite finish products.
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The tables below identify the number of sales centers in each state, territory or country by distribution network as of December 31, 2023:
Location SCP Superior Horizon NPT Total
United States
California 29 25 19 6 79
Florida 41 5 17 1 64
Texas 27 5 22 5 59
Arizona 8 8 11 3 30
Washington 3 — 8 — 11
Georgia 7 2 — 1 10
North Carolina 5 2 2 1 10
Tennessee 6 4 — — 10
Nevada 2 3 3 1 9
New York 9 — — — 9
Alabama 5 2 — — 7
New Jersey 5 2 — — 7
Pennsylvania 5 1 — 1 7
Virginia 3 1 3 — 7
Louisiana 5 — — 1 6
Illinois 4 1 — — 5
Indiana 2 3 — — 5
Oregon 1 — 4 — 5
South Carolina 4 1 — — 5
Colorado 1 2 1 — 4
Missouri 3 1 — — 4
Ohio 2 2 — — 4
Oklahoma 2 1 — 1 4
Arkansas 3 — — — 3
Idaho 1 — 2 — 3
Massachusetts 3 — — — 3
Connecticut 2 — — — 2
Kansas 2 — — — 2
Michigan 2 — — — 2
Minnesota 1 1 — — 2
Mississippi 2 — — — 2
Wisconsin 1 1 — — 2
Hawaii 1 — — — 1
Iowa 1 — — — 1
Kentucky — 1 — — 1
Maryland 1 — — — 1
Nebraska 1 — — — 1
New Mexico 1 — — — 1
North Dakota 1 — — — 1
Puerto Rico 1 — — — 1
Utah 1 — — — 1
West Virginia 1 — — — 1
Total United States 205 74 92 21 392
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Location SCP Superior Horizon NPT Total
International
Canada 17 — — — 17
France 8 — — — 8
Australia 6 — — — 6
Mexico 5 — — — 5
Portugal 3 — — — 3
Italy 2 — — — 2
Spain 2 — — — 2
Belgium 1 — — — 1
Croatia 1 — — — 1
Germany 1 — — — 1
United Kingdom 1 — — — 1
Total International 47 — — — 47
Total 252 74 92 21 439
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