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  5. ›EXT AIR | T3 BA/E TRAVEL CONVENIENCE STORE, SBSA

City and County of San Francisco·California

EXT AIR | T3 BA/E TRAVEL CONVENIENCE STORE, SBSA

Closes 11/18/2026$4M – $8MRequest for Proposal
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Description

The San Francisco International Airport is offering a 14‑year lease for a 493‑sq‑ft travel‑convenience (newsstand) space in Terminal 3, Boarding Area E. This Small‑Business Set‑Aside (SBSA) solicitation requires the successful bidder to operate a retail outlet that sells periodicals, books, snacks, travel essentials, limited refrigerated items, and selected accessories, while complying with extensive design, sustainability, and labor‑harmony requirements. Rent is the greater of a $325,000 Minimum Annual Guarantee (MAG) or a percentage‑rent schedule (14% up to $500k, 16% $500k‑$1M, 18% over $1M). The bidder must invest at least $1,000 per square foot in tenant improvements, observe a 210‑day construction window, and meet strict SBA Tier 2 qualifications.

Attached files

Contact

Evelyn Reyes-Dizadji(Principal Property Manager)

[email protected]

(650) 821-4500

Key dates

Opened
6/5/2026
Questions due
7/30/2026
Pre-bid meeting
7/16/2026
Closes
11/18/2026
Projected award
2/1/2027
Duration
14 years

Last updated

Details

Type
Request for Proposal
Industry
Retail Services
NAICS
453998
Solicitation №
SFGOV-0000011881

Budget estimate

$4,000,000 – $8,000,000

Based on the Minimum Annual Guarantee of $325,000 plus percentage‑rent upside, a well‑run concession could generate $2–3 million in annual gross revenue. Assuming operating expenses (COGS, payroll, utilities, etc.) consume roughly 70 % of sales, the operator’s net profit could range from $300k to $600k per year. Over the 14‑year lease, total earnings might fall between $4 million and $8 million, depending on sales performance, capital efficiency, and market conditions.

AI estimate from the solicitation

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