The Airport Commission has commenced the Request for Proposals (RFP) process for the International Terminal Boarding Areas A and G Newsstand and Specialty Retail Concession Leases. The Request for Proposals includes 3 Newsstand Leases and 2 Specialty Retail Leases.
The proposed minimum financial offer is from $210,000.00 to $1,200,000.00 with a term of seven years. 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 and including $500,000.00; plus 14% of Gross Revenues achieved from $500,000.01 up to and including $1,000,000.00; plus 16% of Gross Revenues achieved over $1,000,000.00. Small, local and disadvantaged businesses are encouraged to participate.
The Informational Conference will be held on Tuesday, April 4th, 2017 at 1:30 p.m. at the Terminal 2 Partnering Conference Room, at San Francisco International Airport.
Please see http://www.flysfo.com/business-at-sfo/current-opportunities for additional information or call Clarissa Mamaril, Principal Property Manager, Revenue Development and Management Department, (650) 821-4500.
