AMERICAN REBEL HOLDINGS INC
For the period ended Dec 31, 2024. Filed Apr 9, 2025.
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FY2024 · Filed Apr 9, 2025
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Item 2. Properties
American Rebel and Champion Safe Facilities
Headquarters for the Champion Entities (Champion, Superior and Safe Guard) are located in Provo, Utah. These entities lease the following locations:
| Location | Square Feet | Use | Lessee | Lease Expiration |
|---|---|---|---|---|
| 2055 S. Tracy Hall Parkway Provo, Utah 84606** | 20,000 | Manufacturing | December 31, 2025 | |
| 2813 S Sierra Vista Way, Provo, Utah 84606* | 8,000 | Executive Offices and Factory Sales Outlet | December 31, 2027 | |
| 2813 S Sierra Vista Way, Suite 2 Provo, Utah 84606 | 16,000 | Warehouse | December 31, 2027 | |
| Champion Safe | ||||
| 792 N. Gilbert Road, Suite 102 Gilbert, Arizona 85233 | 2,600 | Retail Sales | Company, Inc. | June 30, 2026 |
| 17455 N. Black Canyon Highway Phoenix, Arizona 85023 | 2,400 | Retail Sales | February 28, 2025 | |
| 9802 N. 91st Avenue, Suite 108 Peoria, Arizona 85345 | 3,907 | Warehouse and Retail Sales | April 30, 2025 | |
| Av. Alvaro Obregon 6745, California, 84065 Nogales, Sonora, Mexico | 73,659 | Manufacturing | Champion Safe De Mexico, S.A. DE C.V. | August 31, 2029 |
| 8500 Marshall Drive, Lenexa, Kansas 66214 | 15,800 | Warehouse and Retail Sales | American Rebel, Inc. | July 31, 2028 |
| 5115 Maryland Way, Suite 303 and 304, Brentwood, Tennessee 37027 | >1,000 | Conference room and private office | American Rebel, Inc. | October 31, 2025 |
** Leased from Utah–Tennessee Holding Company, LLC, a company owned by former Champion founder, owner and Chief Executive Officer, Mr. Crosby.
- Leased from Champion Holdings, LLC, a company owned by former Champion founder, owner and Chief Executive Officer, Mr. Crosby.
As part of the acquisition of the Champion Entities, several long-term leases were held with the Seller, Mr. Crosby through his ownership in two limited liability companies. These long-term leases were considered fair value as Mr. Crosby provided rental space at what was deemed market value or what could have been negotiated in an arm’s length transaction. Please review the footnotes to our Consolidated Financial Statements for further disclosure on the leases the Company is obligated to the Seller of the Champion Entities.
Recently the Company and Mr. Crosby, through his limited liability companies, entered into several short-term extensions on the leased properties. With the extensions of the leases the Company and the limited liability companies generally increased the base rent to be paid by an average of 10% due to inflation. The Company negotiated these extensions and other terms in an arm’s length manner.
The Company believes these facilities are currently adequate for its needs, including providing the space and infrastructure to accommodate its development work based on its operating plans. For the foreseeable future, the Company may lease or license additional facilities for manufacturing, corporate offices and other functions. The Company believes that suitable facilities will be available on commercially reasonable terms to accommodate the foreseeable expansion of our operations and warehousing requirements.
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