Grocery Outlet Holding Corp

As of December 28, 2024, we leased 532 of our 533 stores and each of our self-operated distribution centers and warehouse facilities. The one remaining store was owned by an IO. Our stores are located in California (274), Washington (74), Oregon (61), Pennsylvania (35), Tennessee (24), Idaho (15), Maryland (12), Nevada (11), North Carolina (9), New Jersey (7), Georgia (4), Ohio (3), Alabama (1), Delaware (1), Kentucky (1) and Virginia (1). Our initial lease terms for store locations are typically ten years with options to renew for two or three successive five-year periods. As of December 28, 2024, our 533 total stores averaged approximately 14,000 square feet on the sales floor. Our corporate headquarters, located in Emeryville, California, is leased under an agreement that expires in 2028, with an option to renew for a five-year period. We self-operate four primary distribution centers, one of which we are in process of relocating to a new distribution center space with a lease commencement in February 2025. Including the relocated distribution center, our primary distribution centers range from approximately 100,000 square feet to approximately 700,000 square feet. Including options to renew, our primary distribution centers have leases expiring between 2025 and 2037.

We believe that our corporate and distribution center facilities are in good operating condition and adequate to support the current needs of our business. We intend to continue to invest in our distribution and logistics infrastructure in order to support our anticipated store growth over the long term, including as we enter new geographies.