Camping World Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
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Item 2. Properties
We typically lease the real properties where we have operations. Our real property leases generally provide for fixed monthly rentals with annual escalation clauses. The table below sets forth certain information concerning our offices and distribution centers as of December 31, 2023, and the lease expiration dates include all stated option periods.
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| · Square Feet · Acres · Lease Expiration(1) · · Owned | ||||||||
| Office Facilities: | | | | | | | | |
| Lincolnshire, Illinois (Corporate headquarters and RV and Outdoor Retail headquarters) (2) | | 33,090 | | | | 2024 | | |
| Englewood, Colorado (Good Sam Services and Plans operations, customer contact and service center and information system functions) | | 59,704 | | | | 2054 | | |
| Bowling Green, Kentucky (RV and Outdoor Retail administrative and information systems functions) | | 33,947 | | | | 2054 | | |
| Oxnard, California (Good Sam Services and Plans publishing and administrative) | | 10,254 | | | | 2025 | | |
| Lakeville, Minnesota (RV and Outdoor Retail administrative and information systems functions) | | 11,961 | | | | 2047 | | |
| Chicago, Illinois (Administrative and information systems functions) | | 15,976 | | | | 2039 | | |
| Elkhart, Indiana (RV furniture distributor corporate headquarters) | | 11,333 | | | | | | X |
| Retail Distribution Centers: | | | | | | | | |
| Lebec, CA | | 389,160 | | 32.9 | | 2026 | | |
| Lebanon, Indiana | | 707,952 | | 32.3 | | 2040 | | |
| Elkhart, Indiana (County Road) (3) | | 256,652 | | 14.3 | | | | X |
| Elkhart, Indiana (Chelsea) (3) | | 115,991 | | 11.4 | | 2029 | | |
| (1) | Assumes exercise of applicable lease renewal options. |
| (2) | The Company transitioned the corporate headquarters and RV and Outdoor Retail headquarters during the first quarter of 2024 to a new Lincolnshire, IL office building. The new location, purchased in October 2022, consists of 42,845 square feet and is located on 3.45 acres. |
| (3) | These separate properties in Elkhart, Indiana function together as the distribution center for the RV furniture products within the RV and Outdoor Retail segment. |
As of December 31, 2023, we had 202 store locations in 43 states of which we lease 159 locations. These locations generally range in size from approximately 20,000 to 80,000 square feet and are typically situated on approximately 8 to 50 acres. The leases for our store locations typically have terms of 15 to 20 years, with multiple renewal terms of five years each. These leases are typically “triple net leases” that require us to pay real estate taxes, insurance and maintenance costs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.