OREANDA-NEWS. San Francisco International Airport has commenced the Request for Proposals (RFP) for the Terminal 3 Retail Marketplace 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 Conference Room No. 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 is intended to offer the nonexclusive sale of merchandise reflective of the proposed concept(s), is comprised of one retail location totaling approximately 5,200 square feet in post-security Terminal 3. The lease term is five years with two 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 1,500,000.00. 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 2,000,000.00; plus, 14% of gross revenues achieved from \\$2,000,000.01 up to and including USD 4,000,000.00; plus 16% of gross revenues achieved over USD 4,000,000.00.