The Airport Commission has commenced the Request for Proposals (RFP) process for the Terminal 3 Boarding Area E Specialty Retail Store Lease; the Terminal 3 Boarding Area E Candy Kiosk Lease; and the Terminal 3 Boarding Area E and International Terminal Boarding Area G Wellness Concession Lease.
The proposed minimum financial offers for the Leases are; $60,000.00 for the Specialty Retail Lease; $65,000.00 for the Candy Kiosk Lease, both of which have a seven year term; and $200,000.00 for the Wellness Concession Lease, which has a term of 10 years. Rent for all Leases 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 Wednesday, April 4th, 2018 at 10:00 a.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 John M. Reeb, Senior Principal Property Manager, Revenue Development and Management Department at (650) 821-4500.
