O'Reilly Auto Parts 2011 Annual Report Download - page 29

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19
Item 2. Properties
Distribution centers and other properties
We currently operate 23 regional distribution centers (―DC‖s). As of December 31, 2011, we leased eight DCs (2.8 million operating
square footage) and owned 15 DCs (5.7 million operating square footage) for total DC square footage of 8.5 million. The following
table provides information regarding our DCs, returns facilities and corporate offices as of December 31, 2011:
Operating
Square
Lease Term
Location Principal Use(s) Footage
(1)
Interest Expiration
Atlanta, GA Distribution Center 492,350 Leased 12/31/2024
Belleville, MI Distribution Center 333,262 Leased 2/28/2015
Billings, MT Distribution Center 108,300 Leased 1/31/2031
Dallas, TX Distribution Center 442,000 Owned
Denver, CO Distribution Center 321,242 Owned
Des Moines, IA Distribution Center 253,886 Owned
Greensboro, NC Distribution Center 441,600 Owned
Houston, TX Distribution Center 532,615 Owned
Indianapolis, IN Distribution Center 657,603 Owned
Kansas City, MO Distribution Center 299,018 Owned
Knoxville, TN Distribution Center 150,766 Owned
Little Rock, AR Distribution Center 122,969 Leased 3/31/2017
Lubbock, TX Distribution Center 276,896 Owned
Mobile, AL Distribution Center 301,068 Leased 12/31/2022
Moreno Valley, CA Distribution Center 547,478 Owned
Nashville, TN Distribution Center 315,977 Leased 12/31/2018
Oklahoma City, OK Distribution Center 320,667 Owned
Phoenix, AZ Distribution Center 383,570 Leased 6/22/2015
Salt Lake City, UT Distribution Center 294,932 Owned
Seattle, WA Distribution Center 533,790 Owned
Springfield, MO Distribution Center 328,721 Owned
Stockton, CA Distribution Center 720,836 Leased 6/30/2025
St. Paul, MN Distribution Center 324,668 Owned
Auburn, WA Bulk Facility 81,761 Leased 6/30/2018
Commerce, CA Bulk Facility 75,000 Leased 8/31/2013
McAllen, TX Bulk Facility 24,560 Leased
(2)
4/30/2017
Springfield, MO Bulk Facility 35,200 Owned
Springfield, MO Return/Deconsolidation Facility 248,480 Owned
Phoenix, AZ Corporate Offices 174,664 Leased 10/31/2012
Springfield, MO Corporate Offices 435,600 Owned
Springfield, MO Corporate Offices 34,617 Leased 8/31/2024
Springfield, MO Corporate Offices, Training and Technical Center 22,000 Owned
Total operating square footage 9,636,096
(1)
Includes floor and mezzanine operating square footage, excludes subleased square footage
(2)
Occupied under the terms of a lease with an affiliated party
Of the 23 DCs that we operated at December 31, 2011, 15 were owned and 8 were leased. The leased facilities typically require a
fixed base rent, payment of certain tax, insurance and maintenance expense and have an original term of, at a minimum, 20 years,
subject to one five-year renewal at our option. One of our bulk facilities is leased from an entity owned by an affiliated director’s
immediate family. This lease requires payment of a fixed base rent, payment of certain tax, insurance and maintenance expenses and
an original term of 15 years, subject to three five-year renewals at our option. We believe that this lease agreement with the affiliated
entity is on terms comparable to those obtainable from third parties.
FORM 10-K