Real Estate Manager

Responsibilities

• Lead quarterly review for all stores within 2 years of lease expiration.
• Summarize all relevant information for leadership to make informed lease renewal decisions (financial and non-financial).
• Develop and recommend negotiation strategies and alternatives.
• Partner with CFO to determine amount of rent a store can afford at current sales and margin levels.
• Understand how our rent compares to the market.
• Negotiate renewal lease terms with the landlord.
• Analyze the market factors impacting the sales performance across our store portfolio.
• Develop a model forecasting our sales potential based on a variety of market and internal data points.
• Maintain an ongoing database of historical market data and its correlation to sales performance.
• Utilize learnings to inform sales estimates for new stores and overall market potential.
• Benchmark our occupancy costs against the market.
• Partner with CFO to create insightful information regarding store/market profitability.
• Maintain financial and non-financial real estate data that can be leveraged across the company.
• Aid Finance in the annual budgeting of real estate expenses and capital investments.
• Complete all contractual and regulatory requirements on time, partnering with legal, finance, and store operations as required.
• Create lease documents as needed, partnering with legal on aspects requiring detailed legal expertise and oversight.
• Actively negotiate reduced rents with landlords, identifying opportunities and leverage points (e.g., alternative terms, eliminating % rent, alternative in-market locations).
• Support expense savings initiatives such as property tax audits, CAM audits, and similar activities.
• Proactively review real estate processes to identify potential cost savings.

Requirements

• Bachelor’s degree in business management, finance, or related field.
• Experience negotiating contracts; preferable in real estate but not required.
• Strong data analysis and manipulation skills.
• Excellent analytical, communication, and project management skills.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• High ethical standards and a commitment to maintaining confidentiality.

Benefits

• Amazing Employee Discount on everything from clothes to power tools to pet food.
• Multiple Health Insurance options to best suit your needs after 60 days.
• Dental & Vision options to complete your health plan.
• Life Insurance to secure your family’s financial future.
• Paid Vacation to relax and recharge.
• Holiday Pay throughout the year so you can celebrate with your family.
• Paid Sick Time to stay home and focus on your health without losing pay.
• 401(k) with a generous 4% company match to help plan for retirement.
• Paid Parental Leave to take time to bond with your family’s new addition.
• Community Giving Program matches your donations and provides paid volunteer hours.
• Wellness Program saves you money by lowering medical premiums with credits earned.
• Training Program helps you expand your knowledge and skills with over 250 courses.
• Other various Voluntary Insurance Options.