Let $\mathcal{V}$ and $\mathcal{U}$ be the point sets of two independent homogeneous Poisson processes on $\mathbb{R}^d$. A graph $\mathcal{G}_\mathcal{V}$ with vertex set $\mathcal{V}$ is constructed by first connecting pairs of points $(v,u)$ with $v\in\mathcal{V}$ and $u\in\mathcal{U}$ independently with probability $g(v-u)$, where $g$ is a non-increasing radial function, and then connecting two points $v_1,v_2\in\mathcal{V}$ if and only if they have a joint neighbor $u\in\mathcal{U}$. This gives rise to a random intersection graph on $\mathbb{R}^d$. Local properties of the graph, including the degree distribution, are investigated and quantified in terms of the intensities of the underlying Poisson processes and the function $g$. Furthermore, the percolation properties of the graph are characterized and shown to differ depending on whether $g$ has bounded or unbounded support.