The Airport Commission has commenced the RFP process for the International Terminal Specialty Retail Store Lease. The proposed minimum financial offer is $110,000.00 with a lease term of five years with three one-year options, exercisable at the Airport 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 $1,500,000.00; plus, 14% of gross revenues achieved from $1,500,000.01 up to and including $2,000,000.00; plus 16% of gross revenues achieved over $2,000,000.00.
The Informational Conference is on Wednesday, July 1, 2015 at 10:00 a.m. at the Terminal 2 Partnering Room, T2-2-205, at San Francisco International Airport.
Please see http://www.flysfo.com/business-at-sfo/current-opportunities for additional information or contact Ms. Frishtah Afifi, Principal Property Manager, Airport Revenue Development and Management Department, 650.821.4500.
