San Francisco Airport to issue RFPs for three new retail concessions

San Francisco International Airport (SFO) is gearing up to release requests for proposals (RFP) for three retail concessions in Terminal 3.

These are:

Lease 1 – a 1,130sqft newsstand, a 1,062sqft beauty speciality store and a 744sqft gourmet market

Lease 2 – Sunglasses speciality store (313sqft)

Leave 3 – Sports apparel or candy speciality store (947sqft)

The proposed contract terms for each lease is seven years with two one-year extension options. The minimum acceptable financial offer for the initial minimum annual guarantee (MAG) is $1.1m for lease 1, $145,000 for lease 2 and $150,000 for lease 3.

An informational conference will be held on 15 November at 10am at the Aviation Museum and Library located in Internatiional Departures at SFO.

Proposal documents will be available after 1 November at www.flysfo.com/business-at-sfo/current-opportunities