RaceTrac Company Overview

Job Description:

The Real Estate Representative is responsible for supporting the real estate operations and store growth of a designated region(s) as well as negotiating agreements to ultimately achieve the organization’s real estate growth goals and providing research as necessary. This individual teams with a Real Estate Manager, Senior Manager, or Director as well as cross-functional business partners to assess and acquire potential real estate opportunities for RaceTrac. Up to 50% travel required.

Duties and Responsibilities: (Scope of the role, day to day activities, expected outcomes, highlights any complexities associated with the role)

· Provides management of the regional real estate activities including land and building acquisitions, leasing, and site location and selection

· Negotiates agreements, contracts, and leases for existing stores and new sites in a particular region

· Acquires research for potential site acquisition opportunities, including, but not limited to: ownership, legal records, zoning, traffic information, permitting regulations, and comparable sales.

· Conducts on-site visits to evaluate potential locations, gaining firsthand insights to inform decision-making and negotiation strategies for ownership.

· Offers advice on differentiating between various store types; RaceTrac, RaceWay, or travel center based on best use of land.

· Collaborates with the real estate analytics team to analyze financial and market research data for each site.

· Conducts or oversees inspections and evaluations of prospective property acquisitions.

· Interacts with potential sellers to understand their requirements and effectively market the properties.

· Maintains an overall knowledge of the market conditions, processes, procedures, and legalities within the region and supports internal teams in the development process.

· Provides ongoing analyses of existing stores’ metrics and new store performance projections; recommends solutions to enhance performance and profitability.

· Works and collaborates with landowners, real estate brokers and developers, as well as city, county and state officials to obtain information about a potential or existing site.

Responsibilities:

Acquires research for potential site acquisition opportunities, including, but not limited to: ownership, legal records, zoning, traffic information, permitting regulations, and comparable sales. Provides support of the regional real estate activities including land and building acquisitions, leasing, site location and selection, and the disposition of underperforming stores and surplus propertiesNegotiates agreements, easements, and contracts for existing stores and new sites. Maintains an overall knowledge of the processes, procedures, and legalities within the region. Provides ongoing analyses of existing stores’ metrics and new store performance projections; recommends solutions to enhance performance and profitability. Works and collaborates with land owners, real estate brokers and developers, as well as city, county and state officials to obtain information about a potential or existing site. Actively researches and monitors the growth plans of competitors.

Qualifications:

Bachelor’s degree from an accredited college or university in Real Estate or related field preferred

· 3+ years Real Estate and ground up development preferred

· 2+ years internal experience in Real Estate, Construction, Engineering, or related field

· Proficient with MS Office Suite preferred

All qualified applicants will receive consideration for employment with RaceTrac without regard to their race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.