The San Francisco International Airport Commission has issued a request for proposal for a news and multi-concept retail concession at Terminal 3.

Located at the Boarding Area F, the single retail location includes a newsstand and no less than two individual branded retail concepts over approximately 2,646sq ft of space.

The lease runs for seven years with two one-year extension options. The closing date for bids is 24 July (14:00pm PDT).

PROPOSED MAG NO LESS THAN $650,000

Annual rent will be calculated based on the proposed minimum annual guarantee – set at no less than $650,000 – or a percentage of gross revenues.

These will be set at 12% on earnings up to $1,000,000; plus 14% from $1,000,000.01 up to $2,000,000; and 16% for income over $2,000,000.

Proposers must have a minimum of three years’ experience within the past five (qualifying years) in owning or managing a newsstand or branded concept(s).

San Francisco International Airport has issued a request for proposal for a single news and multi-concept retail location situated at the Terminal 3 Boarding Area F.

Bidders for the newsstand will have met gross sales exceeding $3,000,000 per qualifying year from a single newsstand location and at least $500,000 from a branded retail concept(s).

The bid is open to newly formed entities (limited liability company, joint venture or corporation).

A pre-bid conference is due to take place on 8 May (10:00am PDT) at the Aviation Museum and Library, International Terminal A-side, Departures Level (Level 3).

SFO staff will discuss concepts, minimum qualification requirements, address questions relating to the leases and take comments from participants.

Those seeking additional information on the bid can submit their request here.