San Francisco International Airport is accepting proposals for a 5,600ft2 retail marketplace in Terminal 3. The lease will run for seven years with two one-year extension options available at the airport’s discretion.
The proposed minimum acceptable financial offer, which will be the successful proposer’s minimum annual guarantee for the first year of the lease, is US$1.35m. The airport intends to award the lease to the highest-ranked, most responsive and responsible proposer. Each proposer must submit a proposal deposit in the amount of US$375,000 as a guarantee that they will execute the lease. The proposal deposit should be in the form of a surety bond or irrevocable letter of credit in its original form.
Small, local and disadvantaged businesses are encouraged to participate. Proposals will be received until Wednesday, July 13, 2016. The Request for Proposals (RFP) Document and related documents may be obtained online by clicking here.