San Francisco International Airport commences REP for Boarding Area E Newsstand Lease

Published on : Monday, February 18, 2013

San Francisco AirportSan Francisco International Airport has commenced the Request for Proposal
(RFP) for the Boarding Area E Newsstand Lease, A Small Business Enterprise
Set-Aside, and invites you to attend the Informational Conference on Thursday,
February 28, 2013 at 10:00 a.m. at San Francisco International Airport, SFO
Business Center, 575 N. McDonnell Road, 2nd Floor, Accounting Conference
Room. This is a time when staff will discuss desired concept, minimum
qualification requirements, address any questions relating to this Lease and receive
comments from participants.

This Lease, intended for the nonexclusive sale of merchandise reflective of a
newsstand, is comprised of one (1) retail location measuring approximately 493
square feet in Terminal 3, Boarding Area “E”. The lease term is seven years.
The minimum acceptable proposal amount, which will also be the successful
Proposer’s minimum annual guarantee for the first year of the Lease, is $175,000.
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
$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.

Additional information and related documents may be obtained on-line by visiting
our website http://www.flysfo.com/web/page/about/b2b/conces/. For a hard
copy of the RFP document or if you would like additional information about this
concession opportunity, please call Clarissa Mamaril, Principal Property Manager,
Revenue Development and Management, at (650) 821-4500.

 

Source:- San Francisco

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