We believe that our properties, taken as a whole, are generally well maintained and are adequate for our current and foreseeable business needs.
−Removed: The following table contains information about our principal office facilities as of December 29, 2019 :
−Removed: ACTIVE FACILITIES
−Removed: FACILITIES LOCATION
−Removed: APPROXIMATE SQ.
+Added: The following table contains information about our principal office facilities as of January 3, 2021:
+Added: ACTIVE FACILITIES FACILITIES LOCATION LAND TITLE APPROXIMATE SQ.
OF FLOOR SPACE
−Removed: Corporate Headquarters
+Added: Corporate Headquarters Dublin, Ohio Owned 324,025 *
Wendy’s Restaurants of Canada Inc.
−Removed: Burlington, Ontario, Canada
+Added: Burlington, Ontario, Canada Leased 8,917 **
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−Removed: QSCC, the independent Wendy’s purchasing cooperative in which Wendy’s has non-controlling representation on the board of directors, leases 14,493 square feet of this space from Wendy’s.
−Removed: At December 29, 2019 , Wendy’s and its franchisees operated 6,788 Wendy’s restaurants.
+Added: * QSCC, Wendy’s independent supply chain purchasing co-op, leases 14,493 square feet of this space from Wendy’s.
+Added: The Corporate Headquarters serves all of our operating segments.
+Added: ** The Wendy’s Restaurants of Canada Inc.
+Added: facility primarily serves the International operating segment.
+Added: At January 3, 2021, Wendy’s and its franchisees operated 6,828 Wendy’s restaurants.
Of the 361 Company-operated restaurants in the Wendy’s U.S.
−Removed: segment, Wendy’s owned the land and building for 143 restaurants, owned the building and held long-term land leases for 145 restaurants and held leases covering land and building for 69 restaurants.
+Added: segment, Wendy’s owned the land and building for 142 restaurants, owned the building and held long-term land leases for 149 restaurants and held leases covering the land and building for 70 restaurants.
Lease terms are generally initially between 15 and 20 years and, in most cases, provide for rent escalations and renewal options.
Certain leases contain contingent rent provisions that require additional rental payments based upon restaurant sales volume in excess of specified amounts.
−Removed: As part of the Global Real Estate & Development segment, Wendy’s also owned 512 and leased 1,248 properties that were either leased or subleased principally to franchisees as of December 29, 2019 .
+Added: As part of the Global Real Estate & Development segment, Wendy’s also owned 509 and leased 1,245 properties that were either leased or subleased principally to franchisees as of January 3, 2021.
Surplus land and buildings are generally held for sale and are not material to our financial condition or results of operations.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.