The Airport Commission of the City and County of San Francisco, is accepting proposals for the Boarding Area C Retail Concession Leases Request for Proposals (RFP). The RFP includes two retail Leases with the following Proposed Lease Specifications:
Concepts:
Lease No. 1: Retail Marketplace
Lease No. 2: Newsstand
Premises:
Lease No. 1: Approximately 1,996 sq. ft.
Lease No. 2: Approximately 510 sq. ft.
Term:
Both Leases: Seven years commencing on the Rent Commencement Date, with two (2) one-year options to extend at the Commission’s discretion.
Minimum Acceptable Financial Offer:
Lease No. 1: $1,150,000.00
Lease No. 2: $535,000.00
Annual Rent:
Both Leases: For each Lease Year, the base rent shall be the higher of the Minimum Annual Guarantee (“MAG”) or the following tiered percentage rent:
- 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.
The Airport Commission of the City and County of San Francisco, will accept proposals through the RFP Web Portal at rfp.flysfo.com, and original Proposal Bonds at the Office of the Chief Business and Finance Officer, c/o Revenue Development and Management, 575 N. McDonnell Road, 3rd Floor, Room 3-329, San Francisco, CA 94128, from 2:00 p.m. on Wednesday, October 3, 2018 until 2:00 p.m. on Wednesday, October 10, 2018. Small, local and disadvantaged businesses are encouraged to participate.
Please see https://www.flysfo.com/business-at-sfo/current-opportunities for additional information or call Tomasi Toki, Principal Property Manager, Revenue Development and Management Department, (650) 821-4500.
