The Property Management Lease Negotiator is responsible to engage landlords in contract negotiations based on market data and other conditions to obtain the best lease rates, terms, expansion and addition, and in some cases terminate the lease. Memorialize the updates by preparing lease modifications and securing all necessary approvals and signatures.
ESSENTIAL JOB FUNCTIONS
Engage existing Landlord relationships in negotiation over contracted rates and terms.
Research market rental rates and current market conditions.
Leverage tenant credit, relocation opportunities and positioning to reduce occupancy costs.
Draft and prepare lease modifications for existing store sites as necessary.
Negotiate other various projects such as early termination, store expansions and store additions.
Monitor Right to Terminate and other critical issues in conjunction with Lease Administration.
Monitor Lease option notice dates with the status of relocations and report to the Lease Review Committee for direction and approvals.
Coordinate with in-house legal counsel during negotiations for approval of Lease language.
Communicate with other sub departments of Real Estate and research assistant to determine market rents and relocation possibilities.
Assist Property Manager and Director of Property Management as needed on property and Lease issues.
SKILLS/EDUCATION/KNOWLEDGE/EXPERIENCE/ABILITIES
Required:Bachelor’s degree or equivalent Real Estate experience
Commercial real estate experience, preferably with national credit leasing portfolios.
Needs to be computer literate with administrative skills, Word, Excel, organizational and problem-solving skills.
Must be dependable.
Good customer service skills.
Ability to convey information through written and spoken communication.
Ability to work independently, multi-task, prioritize and meet deadlines.
Desired:Master’s degree or other additional Real Estate certifications.
Research and Negotiation experience on either new or existing facilities.
Lease interpretation and written/verbal communication skills.
Proficient in Word, Excel, and comfortable with various software systems.
Have excellent organizational and administrative skills.
O’Reilly Auto Parts has a proven track record of growth and stability. O’Reilly is full of successful career stories and believes in a strong promote-from-within philosophy, encouraging you to grow your career along with the organization.
Total Compensation Package:
Competitive Wages & Paid Time Off
Stock Purchase Plan & 401k with Employer Contributions Starting Day One
Medical, Dental, & Vision Insurance with Optional Flexible Spending Account (FSA)
Team Member Health/Wellbeing Programs
Tuition Educational Assistance Programs
Opportunities for Career Growth
O’Reilly Auto Parts is an equal opportunity employer. Hiring decisions are administered without regard to race, color, creed, religion, sex, pregnancy, sexual orientation, gender identity, age, national origin, ancestry, citizenship status, disability, veteran status, genetic information, or any other basis protected by applicable federal, state or local law.
Reasonable Accommodations: Qualified individuals with known disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws.