San Francisco International Airport is accepting proposals for the following concession opportunity:
Terminal 1 Retail Concession Lease No. 3 – Specialty Retail
The Request for Proposals is for one specialty retail location in the new Terminal 1 Boarding Area B. Excluded concepts for this location are news and sunglasses.
The minimum financial offer is $124,000.00 with a term of seven years. Rent shall be the higher of the Minimum Annual Guarantee (“MAG”) 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 Wednesday, October 10, 2018 until 2:00 p.m. on Wednesday, October 17, 2018.
For more information about this concession opportunity, please visit our website at www.flysfo.com/business-at-sfo/current-opportunities or please contact:
Ms. Clarissa Mamaril, Principal Property Manager, RDM at (650) 821-4500 or via e-mail at [email protected].
