The Airport Commission has commenced the Request for Proposals (RFP) process for the Terminal 3 Retail Marketplace Lease. The proposed minimum financial offer is $1,500,000.00 with a term of five years and two one-year options, exercisable at the 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 $2,000,000.00; plus, 14% of gross revenues achieved from $2,000,000.01 up to and including $4,000,000.00; plus 16% of gross revenues achieved over $4,000,000.00.
The Informational Conference is on Wednesday, July 1, 2015 at 10:00 a.m. at the Terminal 2 Partnering Conference Room No. T2-2-205, at San Francisco International Airport.
Please see http://www.flysfo.com/business-at-sfo/current-opportunities for additional information or call John Reeb, Senior Principal Property Manager, Revenue Development and Management Department, (650) 821-4500.
