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Senior Real Estate Rep
Job ID 2024-261936▶ Who we are
With more than 13,000 stores in the U.S. and 84,000 stores globally, it is no wonder 7-Eleven, Inc. has been named an iconic brand. In addition to 7-Eleven stores, 7-Eleven, Inc. also operates and franchises Speedway, Stripes, Laredo Taco Company and Raise the Roost locations.
Since inventing the convenience industry in 1927, 7-Eleven has built a rich 96-year history filled with beloved products like Slurpee, Big Gulp and Big Bite, and fan-favorite holidays like Slurpee Day and Bring Your Own Cup Day.
Now, 7-Eleven is on a mission to contemporize the brand and redefine convenience – and we need your help.
▶ How we lead
At 7-Eleven we are guided by our Leadership Principles.
- Be Customer Obsessed
- Be Courageous with Your Point of View
- Challenge the Status Quo
- Act Like an Entrepreneur
- Have an “It Can Be Done” Attitude
- Do the Right Thing
- Be Accountable
Each principle has a defined set of behaviors which help guide the 7-Eleven team to Serve Customers and Support Stores.
▶ About This Opportunity
The successful candidate will work to find and help acquire high quality gas and convenience store locations which expand and improve upon the 7-Eleven brand presence. Focus is primarily on site selection, site presentation, and negotiation, of traditional real estate deals (lease, developer built to suit, and fee acquisition) as well as Business Conversion Program (BCP) sites. In addition the successful candidate will work to optimize the existing portfolio of store by identifying existing 7-Eleven branded location that meet site quality criteria and site attributes to warrant optimization through investment. Must be creative enough to find opportunities, quick enough to seize the moment, articulate enough to negotiate a deal, persistent enough to keep trying until success is achieved, and resilient enough to deal challenges that are not within your control.
The hourly or salary range is the range 7-Eleven in good faith believes is the range of compensation for this role at the time of this posting. The Company may ultimately pay more or less than the posted range. This range is only applicable for jobs to be performed in Nevada. This range may be modified in the future. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, long-term incentive compensation, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law
Pay $87,041 - $124,344
- Work with the Real Estate Manager, internal network planning team, and local operations professionals to create and implement comprehensive, strategic, metro area business plans.
- Must have the ability to analyze potential trade areas by researching demographic variables, pedestrian/traffic counts and other activity generators relative to strength and number of competitors, and growth opportunities.
- Evaluates and recommends specific sites within identified traded areas for new store development.
- In addition to adding stores to improve market concentration, network plans also include recommendations to improve the existing store base such as adding gasoline dispensers, remodels, scrape and rebuilds, relocations, and site closures. Completes and evaluates financial rate of return information to determine financial feasibility of new store site selection.
- Works extensively with internal and/or outside counsel, financial planning, gasoline, construction, and environmental services to negotiate and assist in gaining approval of new site selections and document execution.
- Develops a pipeline of sites by working with various stakeholders help identify potential sites within identified trade areas.
- Pipeline management, including updating data on site to ensure that pipeline status is adequately represented.
- Prepares materials necessary to gain management approval of sites, by way of articulating what makes the projects worthy of investment.
- Proficient in negotiating deal terms and provisions in Letters of Intent, Purchase Contracts and Leases.
- Assist in spearheading Grand Opening events of new stores in assigned market by partnering with 3rd party vendors and Operations team to host an event that is dedicated to growing new store sales.
Education:
Bachelors/4 Yr Degree or equivalent
Knowledge, Skills and Abilities:
- 5 years retail fuel/convenience real estate experience (or equivalent) or significant 7-Eleven operations experience.
- Optimal candidate will have deal making experience, financial acumen, negotiations and sales, analytical thinking and analysis.
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