Academy Sports Outdoors Inc
For the period ended Feb 3, 2024. Filed Mar 21, 2024.
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FY2024 · Filed Mar 21, 2024
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Item 2. Properties
We are headquartered at 1800 North Mason Road, Katy, Texas, 77449. The following table sets forth the location, use and size of our corporate and distribution center facilities:
| Location · Use · Approximate Square Footage | |||
|---|---|---|---|
| Katy, Texas | Corporate Office Building 1 | 400,000 | (1) |
| Katy, Texas | Corporate Office Building 2 | 200,000 | (2) |
| Katy, Texas | Bulk Warehouse | 200,000 | (3) |
| Katy, Texas | Distribution Center | 1,400,000 | (4) |
| Twiggs County, Georgia | Distribution Center | 1,600,000 | (5) |
| Cookeville, Tennessee | Distribution Center | 1,600,000 | (6) |
| Kowloon, Hong Kong | Global Sourcing Office | 5,000 | (7) |
(1) 20 year lease entered in 2007.
(2) 20 year lease entered in 2015.
(3) 15 year lease entered in 2012.
(4) 20 year lease entered in 2007. Five year extension to original term entered in 2020.
(5) 20 year lease entered in 2012. Five year lease extension to original term entered in 2020.
(6) 20 year lease entered in 2016. Three year lease extension to original term entered in 2020.
(7) Three year lease entered in 2022.
We lease all but one of our stores. Our initial store lease terms are typically 15 to 20 years with various renewal options and lease escalation structures. We believe that all of our leases are entered into at then-prevailing market lease rates. As of February 3, 2024, our combined leased and owned store square footage was approximately 19.7 million square feet.
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