Overview:
This person will be responsible for personally executing the leasing work, surplus property dispositions, and other assigned duties in an assigned area within Existing Restaurants. As such, this individual will:
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Execute existing restaurant leasing strategy(s).
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Develop leasing expertise relative for all Chick-fil-A concept types (including FSUs, malls, in lines and in the future other location types).
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Develop leasing strategies for all concept types that are consistent with stated Restaurant Development department wide goals and strategies, globally and by market.
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Continuously improve leasing processes and available tools.
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Gather necessary due diligence, creating property-specific lease strategies, negotiating financial and other lease terms with landlords, and managing the renewal process through lease execution.
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Partner with colleagues in other areas of Restaurant Development to develop individual reinvestment scopes and budgets for locations not within the Strategic Reinvestment’s purview.
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Help develop and implement a proactive communication plan with Operators, Business Consultants, and other stakeholders relative to leasing.
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Support other existing restaurant initiatives, such as portfolio-level lease form analyses, lease template renegotiation, tests and rollouts, and other macro focused opportunities to improve the overall real estate for Corporate and individual Operators.
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Evaluate the feasibility of developing landlord-specific portfolio strategies, developing same and then implementing the strategies at the team level.
- Develop, maintain, and improve industry relationships.
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Manage and execute the surplus disposition strategy for assigned area.
As of the date of this posting, a good faith estimate of the current pay scale for this position is $ 350,000 - $ 370,000. This pay scale takes into account a wide range of business factors and may change over time.
Our Flexible Future model offers a healthy mix of working in person and virtually, strengthening key elements of the Chick-fil-A culture by fostering collaboration and community.
Responsibilities:
Success in this role will need both a high level of independence and initiative, combined with an ability to partner with other stakeholders, including Asset Management leadership, Strategy/Analytics, New Restaurant Growth, Operations, and Legal.
This individual will be responsible for:
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Contacting and discussing with Operators upcoming lease renewals, explain process, answer questions, gather necessary information, and develop and enhance Operator trust.
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Contacting and discussing with Business Consultants upcoming lease renewals, Operator status, FSR impact, real estate strategy, and other pertinent issues.
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Collecting and analyzing available data (occupancy charges, sales, other) and other due diligence, and develop renewal strategy in concert with supervisor.
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Developing portfolio level lease renewal/renegotiation strategies that will simultaneously affect multiple restaurants
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Negotiating lease renewals and/or exercise existing options.
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Coordinating with Legal to identify and resolve issues during lease negotiations.
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Developing and maintaining industry relationships.
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Developing and enhancing industry knowledge and expertise.
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Managing the disposition process and negotiations for a part of our surplus property portfolio.
Evaluate and make appropriate recommendations regarding the exercise of ROFO/ROFR opportunities
Minimum Qualifications:
- Bachelor's degree
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7 years of relevant experience
- Demonstrated ability to autonomously negotiate various real estate documents, including leases, purchase agreements, ECRs, etc.
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Demonstrate ability to evaluate multiple financial metrics when evaluating real estate deals and recognize appropriate “levers” to adjust to achieve desired results.
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Demonstrated ability to influence among peers and within an organization.
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Proficiency in Microsoft Office products
- Flexibility, adaptability, and creativity
- Strong communication skills
- Strong analytical skill
- Self-starter and ability to work independently
- Ability to work collaboratively with others
- Skilled at developing relationships with internal and external stakeholders
Preferred Qualifications:
- 7 years of experience in lease negotiations, leases, and lease amendments
Minimum Years of Experience: 7 Travel Requirements: 40% Required Level of Education: Bachelor's Degree
