Real Estate Manager

Summary:

The Real Estate Manager is responsible for overseeing and executing the strategic direction of the company's retail real estate portfolio. This includes managing the acquisition, negotiating complex leases, and ensuring alignment with the company’s growth and operational goals.

The ideal candidate will have significant experience in retail real estate, strong negotiation skills, and a strategic mindset. The successful candidate will Focus primarily on-site selection, site presentation, and negotiation of real estate deals (lease, developer build 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 stores by identifying existing 7-Eleven branded locations that meet site quality criteria and site attributes to warrant optimization through investment.

Key Duties and Responsibilities:

Identify and evaluate potential retail locations based on market analysis, customer demographics, foot traffic, and competitive landscape. 

Negotiate leases, purchase agreements, and renewals in alignment with business goals. 

Perform financial analysis and due diligence on new properties to ensure favorable terms and investment potential. 

Conduct market research to stay current on retail property trends, market conditions, and competitor activities.

Develop and execute a real estate strategy to support the company’s growth objectives, including geographic expansion or consolidation.

Provide recommendations on market conditions, site selection, and financial strategies for growth.

Work closely with senior management, retail operations teams, and other key stakeholders to align real estate strategy with business objectives.

Manage relationships with property owners, developers, and leasing agents.

Prepare reports and updates for senior leadership on property performance, lease status, and financial implications.

Assist Senior Real Estate Manager in training, coaching and mentoring the Real Estate Representatives (RER)

Education and Experience:

Bachelor's 4-year degree

Years of relevant work experience: 5+

Years of management experience: 2+

Specific Knowledge and Skills:

Strong leadership skills with a proven ability to drive business growth

Strong negotiation and financial analysis skills and complex deal structuring. Excellent analytical, problem-solving, and strategic thinking abilities.

Knowledge of Real Estate Development, site selection, franchise growth strategies, business development, construction and design costs and strategies.

Understanding of commercial leases, property management, and retail development processes.

Ability to work cross-functionally with Finance, Legal, Construction, Fuels, Real Estate Business Development, Restaurants, Network Planning, Town Planning and Operations teams to execute strategic initiatives.

Strong communication and presentation skills, with the ability to influence executive decision-making 

Demonstrated expertise with Word, Excel, and other MS Office suite applications   

If an hourly or salary range is included in this ad it represents 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 this state. 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.