LOI_-_Private_Terminal_Ground_Lease__final_.pdf

May 20, 2026

To: Interested Parties

SUBJECT: Solicitation of Proposal for the Private Terminal Ground Lease

San Francisco International Airport is preparing to commence the selection process for the Private Terminal Ground Lease.

We invite you to participate in the Proposal process. Enclosed for your information is a summary of the proposed business terms for this lease.

There will be an Informational Conference on Thursday, June 18, 2026, at 10:00 a.m. (PT), at the Airport Commission Administrative Office - Renemu, Room No. T2.2.003 in Terminal 3 Connector, departures level, pre-security.

If you are interested in receiving further information for this opportunity, attending the Informational Conference and/or joining the tour of the proposed site for the private terminal location, please complete the response form and RSVP by June 11, 2026. Respond - Letter of Interest

Proposal documents can be viewed and downloaded after May 20, 2026, at http://www.flysfo.com/business-at-sfo/current-opportunities.

Thank you for your interest and we look forward to your positive reply.

Sincerely, Cheryl Brennan Director Revenue Development and Management

Enclosures

CC: Sam El Gord, SFO-RDM

Docusign Envelope ID: 9C9A6912-B9BF-44FE-A109-5F4EABBAC895 https://forms.cloud.microsoft/Pages/ResponsePage.aspx?id=z8LVIj7OPUSaf9_MAjH3P1uWzXnWl-ZGlrnjwlgWixhUQlpNODVVVUhBR0lLU05TWFM0UURaVkVIWi4u http://www.flysfo.com/business-at-sfo/current-opportunities

Attachment

Private Terminal Ground Lease

PROPOSED LEASE SPECIFICATIONS AND MINIMUM QUALIFICATION REQUIREMENTS

Concept: Private Terminal

Premises: 75,023 square feet located on North Access Rd., immediately adjacent to the Fixed Base Operator, currently Signature Flight Support. Premises include 61,608 square feet with airfield access and 13,415 square feet across North Access Rd. to be used as a parking area.

Term: 14 years commencing on the Rent Commencement Date, plus one option to extend the term by two years, exercisable at the sole discretion of the Commission.

Minimum Annual Guarantee (MAG):

$1,500,000.00 per annum, subject to annual adjustment based on prior year's Annual Rent due.

Annual Rent: For each Lease Year, the base rent shall be the higher of the Minimum Annual Guarantee (MAG) or the following tiered percentage rent:

• 5% of Gross Revenues achieved up to and including $15,000,000.00;

plus

• 7% of Gross Revenues achieved above $15,000,000.00

Proposal Deposit Amount:

$250,000.00

Lease Deposit Amount:

$750.00, as the same may be adjusted from time to time.

Minimum Improvement Amount:

An amount satisfactory to construct all initial improvements meeting the requirements of the Design Review Committee and the Tenant Design Guidelines.

Construction Period: 365 days from turnover of Premises.

Docusign Envelope ID: 9C9A6912-B9BF-44FE-A109-5F4EABBAC895

Attachment

Minimum Qualification Requirements:

• Proposer must have a minimum of two (2) years within the past five (5) years (qualifying years) in the ownership or management of a Private Terminal which includes a TSA and CBP screening process. (qualifying business).

• Proposer may be a newly formed entity (e.g., limited liability company, joint venture, or corporation) provided that a majority of the shareholders, members or partners of the legal entity that is the proposer satisfies the minimum qualification requirements.

• Proposer's qualifying business must have achieved gross sales of at least $15,000,000.00 per qualifying year from the operation of a Private Terminal.

RECOMMENDED EVALUATION AND SELECTION CRITERIA

Criteria Scoring Weight

Proposed Concept 30

Design Intention and Capital Investment 25

Customer Service and Quality Control 35

Business Plan 10

Total Possible Points 100

Premises Private Terminal Ground Lease

Private Terminal Ground Lease