San Francisco — San Francisco International Airport is accepting proposals for the International Terminal Specialty Retail Store Lease. The Lease, intended for the nonexclusive sale of specialty retail, is comprised of one retail location measuring approximately 2,233 square feet, pre-security of the International Terminal. The minimum acceptable proposal amount, which will be the successful proposer’s Minimum Annual Guarantee for the first year of the Lease is $110,000.00.
The lease term is five years with three one-year options, exercisable at the Airport Commission’s discretion. Annual Rent shall be the higher of the Minimum Annual Guarantee or the sum of the percentage rent structured as follows: 12% of Gross Revenues achieved up to $1,500,000.00; plus, 14% of gross revenues achieved from $1,500,000.01 up to and including $2,000,000.00; plus 16% of gross revenues achieved over $2,000,000.00.
The proposal submittal deadline is 5:00pm PST – Wednesday September 16, 2015.
Please see http://www.flysfo.com/business-at-sfo/current-opportunities for additional information or if you should have questions, please contact Ms. Frishtah Afifi, Principal Property Manager, Airport Revenue Development and Management Department, 650.821.4500.
