The Airport Commission has commenced the Request for Proposals (RFP) process for the Terminal 1 Retail Concession Lease No. 3 – Specialty Retail.
The proposed minimum financial offer is $124,000.00 with a term of seven years. Rent for the retail store 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, July 25, 2018 at 10:00 a.m. in the Terminal 2 Partnering Room at San Francisco International Airport.
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, (650) 821-4500.
