Boot Barn Holdings, Inc.
For the period ended Mar 29, 2025. Filed May 15, 2025.
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FY2025 · Filed May 15, 2025
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Item 2. Properties
Our Store Support Center, e-commerce operations and distribution centers are located in California, Kansas, and Missouri. As of March 29, 2025, our Store Support Center was located in Irvine, California, where we occupied an 84,580 square foot building; however, the lease expired on April 30, 2025, and did not contain an option to renew beyond the lease term. Accordingly, we entered into lease agreements to lease a 116,261 square foot building in Irvine, California and fully relocated our Store Support Center during April 2025. The lease will expire on March 31, 2034 and contains one option to renew, for an additional period of five years.
In Fontana, California, we lease a 398,471 square foot distribution center that holds inventory to support our exclusive brand initiatives, bulk purchasing programs, event sales, new store openings, and our e-commerce business. Our existing lease expires May 31, 2026, and contains one option to renew, for an additional period of five years.
In Wichita, Kansas, we lease a 133,428 square foot distribution center to support our e-commerce business and 30,000 square feet of office space. This lease expires August 31, 2035 and contains four additional options to renew, each for a period of five years. We also lease an additional freestanding building in Wichita, Kansas, totaling 21,275 square feet. The building is being used as office and distribution center space to support our e-commerce business. The lease expires September 30, 2025 and does not contain an option to renew, but we are seeking an additional three-year extension.
In Kansas City, Missouri, we lease a 459,680 square foot distribution center that holds inventory to support our exclusive brand initiatives, bulk purchasing programs, and our e-commerce business. Our lease expires November 30, 2032 and contains two options to renew, each for an additional five years.
Most of our stores are occupied under operating leases. The store leases generally have a base lease term of five or 10 years, with one or more renewal periods of five years, on average, exercisable at our option. Of the store leases that will reach their termination date during fiscal 2025, twelve of such leases do not contain an option to automatically extend the lease term. We are generally responsible for the payment of property taxes and insurance, utilities and common area maintenance fees.
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