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Company: Dollar General
Location: Goodlettsville, TN
Career Level: Entry Level
Industries: Retail, Wholesale, Apparel

Description

Work Where You Matter: At Dollar General, our mission is Serving Others! We value each and every one of our employees. Whether you are looking to launch a new career in one of our many convenient Store locations, Distribution Centers, Store Support Center or with our Private Fleet Team, we are proud to provide a wide range of career opportunities. We are not just a retail company; we are a company that values the unique strengths and perspectives that each individual brings. Your difference truly makes a difference at Dollar General. How would you like to Serve? Join the Dollar General Journey and see how your career can thrive. Company Overview:

General Summary:

Performs complex lease, market and co-tenancy analyses for projects within a geographic area of responsibility. Employs critical thinking, problem-solving and analytical skills to negotiate lease extension agreements for projects assigned. Prioritizes projects to ensure lease extensions are secured prior to expiration of critical dates.

Job Details:

Duties & Responsibilities:

 

  • For each lease renewal project, develops the appropriate renewal strategy by conducting a detailed analysis of:
  • Store history
  • Lease analysis including identification and interpretation of critical dates, business terms, and problematic lease language
  • Market analysis involves researching and complex, big-picture understanding of key market conditions, such as comparable rents, competitive positioning and potential threats, and cannibalization from other DG stores
  • Co-tenancy condition research requiring an in-depth review of the lease (key provisions, site plan, site approval package, etc.), market data gathered during market analysis, information obtained through mapping tools, results of on-line records searches, information provided by municipality records division(s), and/or correspondence received from field operations staff. 
  • Performs financial metrics analyses, including pro forma analysis, for each project. Negotiates business terms and conditions of lease extension projects with landlords and/or landlord's attorneys and representatives to arrive at an agreement that is within the Company's financial parameters and strategic goals. Provides recommendations to manager regarding proposed course of action.
  • Prioritizes projects to ensure lease extensions are secured prior to expiration of critical dates. Completes updates in the department database for reporting purposes, and communicates on- going activities to manager, seeking direction on site-specific issues as necessary. 
  • Drafts lease language and creates legal documents (as necessary), such as Lease Modification Agreements, Exercise Option letters, Hold Over letters, etc. 
  • Acts as liaison between field real estate, field operations, construction, lease administration, market planning, and other departments regarding decisions related to store renewals and closings.
  • Participates in formal and informal training activities to improve professional skill set and to establish or improve additional skills and areas of opportunity. Participates on an on-going basis to improve team efficiency and processes.

Knowledge, Skills and Abilities (KSAs):

  • Advanced skills in communication (verbal and written), problem solving, negotiation, multi-tasking, analytical and project management.
  • Knowledge and understanding of real estate concepts, practices and procedures.
  • Understanding of legal documents and legal language.
  • Knowledge and understanding of the retail industry.
  • Ability to understand market data information.
  • Knowledge and understanding of financial concepts (IRR, EBITDA, gross margin, etc.).
  • Attention to detail, organization, and timely follow-up.
  • Ability to manage and track, in an organized manner, a large volume of tasks.
  • Intermediate knowledge of word processing, spreadsheet, and database applications.
  • Capable of working independently with high level of self-motivation.
Qualifications:

Work Experience &/or Education:

 

  • Bachelor's degree preferred.
  • At least 5 years of negotiation experience in Real Estate or related field required.
  • An equivalent combination of education and experience may be substituted.


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