Summary

The Real Estate Manager is accountable for all aspects of physical growth, portfolio optimization, and occupancy cost management in the manager’s assigned geographic territory. The Manager will develop strategies in conjunction with the company’s long-term growth plan through collaboration with Store Operations, Transportation, Store Planning and Design, Construction, Lease Administration, Asset Management, Real Estate Research, and Legal to optimize the store deployment for Advance Auto Parts and CarQuest. The Manager will work with property owners, developers, brokers, municipalities, and all internal teams to implement the strategies in the assigned markets.

All team members are accountable for demonstrating all leadership competencies. Our Leadership competencies are linked to our Cultural Beliefs umbrella, and provide a common framework for how we think and talk about leadership across the enterprise.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Builds professional relationships and works collaboratively across functions to share knowledge and deliver results; actively solicits feedback and participates in initiatives
• Understands how to make the business better through the improvement of work processes and instills best practice methods
• Provides input to senior leaders regarding actions to mitigate risks
• Assesses opportunities for team and workes to promote a sales culture
• Encourages others to take calculated risks and to apply lessons learned from prior experiences involving taking risks
• Recognizes the importance of leveraging existing relationships to generate new business
• Shows a passion for work and the energy to perform at a high level
• Invests a great deal of time and energy in making the team succeed
• Delivers presentations that command attention, hold interest, communicate respect, and demonstrate confidence and poise
• Ability to effectively present information and respond to questions across all levels of the organization

• Reviews performance against goals to evaluate results
• Recognizes effort, hard work, and results (e.g., celebrates successes)
• Provides support and guidance in building teams of high-caliber people with diverse capabilities and styles
• Manages succession plans for the organization through addressing gaps and developing the talent pipeline

Qualifications

• Strong and consistent attention to detail and accuracy
• Mathematical ability to calculate figures and amounts such as square footage, interest, commissions, development cap rates, and percentages
• Ability to multi-task on different projects in different stages in order to meet development goals
• Develop and implement strategies to improve store positioning at an optimal occupancy cost; implementation will include preparation and presentation of Real Estate Committee packages for approval   
• Ability to negotiate Letter of Intent and Lease Agreements and their ancillary documents
• Ability to form the relationships necessary with both internal and external business partners to successfully implement the long-term plan for each market; retaining/training/managing a network of preferred brokers and developers that will assist in achieving defined goals

Preferred Experience

• Advanced use and understanding of Microsoft Word, Excel, PowerPoint, and Adobe Acrobat, including ability to create and maintain reports and presentations.
• Real Estate Finance
• CCIM (Certified Commercial Investment Member) Designation
• Real Estate Agent or Broker License (not required)
• Understanding of P & L
• Strategic thinking and problem solving skills
• Cross-functional development with Portfolio Management, and Operations Teams