San Francisco International Airport is accepting proposals 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 offers range from $210,000.00 to $1,200,000.00 with a term of seven (7) 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.
Proposals will be received through the Airport’s RFP Web Portal from 2:00 p.m. on Monday, July 3, 2017 until 2:00 p.m. on Friday, July 7, 2017.
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 at 650.821.4500.
