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  5. ›RFP 27-004 Tenant to Lease and Operate a Food Service…

City of Rialto·California

RFP 27-004 Tenant to Lease and Operate a Food Service Establishment at 119 N. Riverside Ave

Closes 9/17/2026$500k – $2.5MRequest for Proposal
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Description

The City of Rialto is seeking a qualified private operator to lease and run a full‑service restaurant in the historic Pacific Electric Railway Depot at 119 N. Riverside Avenue. The lessee will take the property “as‑is,” be responsible for all operating costs, obtain necessary permits, and preserve historic elements while delivering a viable food‑service concept. The lease term is an initial five‑year period with up to four optional five‑year renewals, and rent must meet or exceed the City’s fair‑market value with CPI adjustments capped at 3 % per year. • Provide a detailed restaurant concept, menu, and marketing plan, including indoor and outdoor dining spaces. • Develop and submit tenant‑improvement plans that meet historic‑preservation standards and 2025 California Building Codes. • Demonstrate financial capacity with audited statements, bank letters, and a two‑year pro‑forma, plus three references from prior restaurant operations. • Assume all utilities, staffing, insurance, permits, and ongoing maintenance; secure any required alcohol license. • Comply with City‑approved operating hours (6 am–2 am) and signage/branding guidelines.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Shanita Simmons(Purchasing Manager)

[email protected]

(909) 820-2570

Key dates

Opened
8/21/2026
Questions due
9/4/2026
Pre-bid meeting
9/1/2026
Site visit
9/1/2026
Closes
9/17/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Food and Beverage Services
NAICS
722511
Solicitation №
27-004

Budget estimate

$500,000 – $2,500,000

No explicit rent or fee amount is disclosed. Based on comparable downtown restaurant leases in San Bernardino County, fair‑market rent for ~4,300 sq ft typically ranges from $20‑$35 per sq ft annually, yielding $86,000‑$150,500 per year. Adding projected net operating profit margins of 10‑20 % on estimated annual revenues of $1‑2 million, the lessee’s earnings could fall between roughly $500,000 and $2,500,000 over the initial 5‑year term (≈$100k‑$500k per year). Factors influencing the range include the chosen concept, capital improvement costs, and the final rent negotiation.

AI estimate from the solicitation

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