OREANDA-NEWS. San Francisco International Airport has commenced the Request for Proposals (RFP) for the International Terminal Specialty Retail Store Lease, and invites you to attend the informational conference scheduled for Wednesday, July 1, 2015 at 10:00 a.m. at the Terminal 2 Partnering Room, T2-2-205, at San Francisco International Airport. 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.

The Lease, intended to offer the nonexclusive sale of merchandise reflective of the proposed concept(s), is comprised of one retail location totaling approximately 2,233 square feet, pre-security in the International Terminal. The lease term is five years with three one-year options to extend, exercisable at the Airport Commission's discretion.

The minimum acceptable proposal amount, which will also be the successful Proposer's minimum annual guarantee for the first year of the Lease, is USD 110,000.00. 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 USD 1,500,000.00; plus, 14% of gross revenues achieved from USD 1,500,000.01 up to and including USD 2,000,000.00; plus 16% of gross revenues achieved over USD 2,000,000.00.