filings.toolsItem 2. PROPERTIES
5K characters. Original on sec.gov ·
Item 2. PROPERTIES
Note – Information in this section is as of December 31, 2025, unless otherwise noted.
We own, and in some cases, lease, the following facilities, excluding selling locations:
| Location | Purpose | Leased | Tote Locations (ASRS)(1) | Approximate Square Feet | |||||||||||||
| Winona, Minnesota | Distribution center and home office | 246,000 | 382,000 | ||||||||||||||
| Indianapolis, Indiana | Distribution center | 547,000 | (2) | 1,078,000 | |||||||||||||
| Akron, Ohio | Distribution center | 103,000 | 190,000 | ||||||||||||||
| Scranton, Pennsylvania | Distribution center | 106,000 | 187,000 | ||||||||||||||
| Denton, Texas | Distribution center | 154,000 | 294,000 | ||||||||||||||
| Atlanta, Georgia | Distribution center | 77,000 | 250,000 | ||||||||||||||
| Seattle, Washington | Distribution center | 140,000 | 238,000 | ||||||||||||||
| Modesto, California | Distribution center and manufacturing facility | 75,000 | 328,000 | ||||||||||||||
| Magna, Utah | Distribution center and packaging facility | 102,000 | (3) | 291,000 | |||||||||||||
| High Point, North Carolina | Distribution center | 131,000 | 829,000 | ||||||||||||||
| Kansas City, Kansas | Distribution center | 156,000 | 462,000 | ||||||||||||||
| Jackson, Mississippi | Distribution center | — | 271,000 | ||||||||||||||
| Kitchener, Ontario, Canada | Distribution center | 128,000 | 242,000 | ||||||||||||||
| Edmonton, Alberta, Canada | Distribution center | X | — | 38,000 | |||||||||||||
| Apodaca, Nuevo Leon, Mexico | Distribution center | X | — | 103,000 | |||||||||||||
| Johor, Malaysia | Distribution center | X | — | 38,000 | |||||||||||||
| Dordrecht, Netherlands | Distribution center | X | — | 39,000 | |||||||||||||
| Saint Helens, United Kingdom | Distribution center | X | — | 14,000 | |||||||||||||
| Shanghai, China | Distribution center | X | — | 12,000 |
| (1) | Total number of tote locations for small parts storage included in facilities with an ASRS. | ||||
| (2) | This property contains an ASRS with a capacity of 52,000 pallet locations, in addition to the 547,000 tote locations for small parts. | ||||
| (3) | In 2025, we began operating out of our newly-built distribution center in Magna, Utah. Previously, we rented three buildings in the Salt Lake City area to run our regional operations which are now consolidated into the Magna, Utah building. |
We also own, and in some cases, lease, the following support facilities, excluding selling locations:
| Location | Purpose | Leased | Approximate Square Feet | ||||||||
| Winona, Minnesota | Manufacturing facility | 121,000 | |||||||||
| Indianapolis, Indiana | Manufacturing facility | 194,000 | |||||||||
| Houston, Texas | Manufacturing facility | 114,000 | |||||||||
| Wallingford, Connecticut | Manufacturing facility | 177,000 | |||||||||
| Rockford, Illinois | Manufacturing facility | 101,000 | |||||||||
| Johor, Malaysia | Manufacturing facility | 30,000 | |||||||||
| Brno-Lisen, Czech Republic | Manufacturing facility | X | 20,000 | ||||||||
| Leeds, United Kingdom | Manufacturing facility | X | 28,000 | ||||||||
| Winona, Minnesota | Multiple facilities for office space, storage, and packaging operations | 371,000 | |||||||||
| Bangalore, India | International information technology office | X | 67,000 |
In addition, we own 147 buildings that house our branch locations in various cities throughout North America.
All other buildings we occupy are leased. On average, leased locations range from approximately 3,000 to 15,000 square feet, with lease terms of up to 144 months (most initial lease terms are for 36 to 60 months).
We currently own land for future distribution center expansion and development. If economic conditions are suitable in the future, we will consider purchasing branch locations to house our older branches. It is anticipated the majority of new branch
locations will continue to be leased. It is our policy to negotiate relatively short lease terms to facilitate relocation of particular branch operations, when desirable. Our experience has been that there is sufficient space suitable for our needs and available for leasing.
Previous: Item 1C. CYBERSECURITY · Next: Item 3. LEGAL PROCEEDINGS