San Francisco International Airport has commenced the Request for Proposals (RFP) process for the Terminal 3 Boarding Area F Retail Concession Leases. The RFP includes three retail Leases with the following proposed Lease specifications: Lease 1 – Three locations that include a Newsstand, Beauty Specialty Store, and a Gourmet Market; Lease 2 – Sunglasses Specialty Store; Lease 3 – Sports Apparel or Candy Specialty Store.
The Minimum Acceptable Financial offer for the Leases are: Lease 1 – $1,100,000.00; Lease 2 – $145,000.00; Lease 3 – $150,000.00. which will be the successful Proposer’s minimum rent for the first year of the Lease. Annual Rent shall be the higher of the Minimum Annual Guarantee or the following percentage rent: For Lease 1: 10% of Gross Revenues achieved up to and including $500,000.00; plus 12% of Gross Revenues achieved from $500,000.01 up to and including 1,000,000.00; plus 14% of Gross Revenues achieved over $1,000,000.00. For Leases 2 and 3: 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.
All Leases the Term is seven years with two (2) one-year options to extend at the Commission’s discretion.
The Airport Commission invites you to attend the Informational Conference scheduled for November 15, 2018, at 10:00 a.m. at the Aviation Museum and Library in the International Terminal at San Francisco International Airport. This is a time when staff will discuss the desired concepts, minimum qualification requirements, address any questions relating to the Leases and receive comments from participants. Small, local and disadvantaged businesses are encouraged to participate.
Additional information and related documents may be obtained on-line at http://www.flysfo.com/business-at-sfo/current-opportunities. If you would like additional information about these concession opportunities, please contact Mr. Tomasi Toki, Principal Property Manager, at 650.821.4500 or via e-mail at email@example.com.
About San Francisco International Airport
San Francisco International Airport (SFO) offers non-stop flights to more than 49 international cities on 43 international carriers. The Bay Area’s largest airport connects non-stop with 85 cities in the U.S. on 12 domestic airlines. SFO is proud to offer upgraded free Wi-Fi with no advertising. For up-to-the-minute departure and arrival information, airport maps and details on shopping, dining, cultural exhibitions, ground transportation and more, visit www.flysfo.com.