Concept: Cafe Premises: Approximately 235 square feet for a café at the Rental Car Center Term: Seven (7) years commencing on the Rent Commencement Date, with one option to extend the term by two years, exercisable at the sole discretion of the Airport Commission Minimum Annual Guarantee (MAG): MAG for the first Lease Year shall be $34,000.00. Annual Rent: The higher of the Minimum Annual Guarantee (MAG) or 6% of gross revenues Proposal Deposit Amount: $5,000.00 Minimum Improvement Amount: $1,000.00 per square foot or an amount satisfactory to meet the requirements of the Design Review Committee and the Tenant Design Guidelines Lease Deposit Amount One-half (1/2) of the MAG, as the same may be adjusted from time to time Construction Period: Ninety (90) days from turnover of Premises 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 the proposed concept...
