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Concession Opportunities at San Francisco International Airport for the Harvey Milk Terminal 1 and Terminal 2

September 19, 2019 Airport No Comments Email Email

The Airport Commission has commenced two Request for Proposals (RFP) processes for retail concession leases in Harvey Milk Terminal 1 and Terminal 2. The opportunities include 4 separate leases with the following business terms:

RFP 1 – Harvey Milk Terminal 1 Retail Concession Leases Phases 3 and 4

Harvey Milk Terminal 1 Retail Concession Lease – Traveler’s Retreat:

Rent is the higher of the Minimum Annual Guarantee (MAG) of $135,000.00 or:

  • 12% of Gross Revenues for service, plus
  • 14% of Gross Revenues for retail merchandise.

Harvey Milk Terminal 1 Retail Concession Lease – Apparel:

Rent is the higher of the MAG of $365,000.00 or:

  • 12% of Gross Revenues achieved up to and including $1,000,000.00; plus
  • 14% of Gross Revenues achieved from $1,000,000.01 up to and including $2,000,000.00; plus
  • 16% of Gross Revenues achieved over $2,000,000.00.

Harvey Milk Terminal 1 Retail Concession Lease – Bookstore:

Rent is the higher of the MAG of $230,000.00 or:

  • 8% of Gross Revenues achieved up to and including $2,000,000.00; plus
  • 10% of Gross Revenues over $2,000,000.00.

RFP 2 – Terminal 2 Market and Harvey Milk Terminal 1 Specialty Retail Stores Lease

Rent is the higher of the MAG of $1,000,000.00 or:

  • 12% of Gross Revenues achieved up to and including $2,500,000.00; plus
  • 14% of Gross Revenues achieved from $2,500,000.01 up to and including $5,000,000.00; plus
  • 16% of Gross Revenues achieved over $5,000,000.00.

All Leases shall have a term of twelve years. The Informational Conference will be held:

  • When:    Thursday, October 3, 2019
  • Time:      10:00am
  • Location:  SFO Aviation Museum and Library

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