This position is responsible for managing surplus property and disposition activity, negotiating Landlord special requests (condemnations, easements, etc.), resolving triple net property default litigation, enforcing Landlord rebuild obligations for Disaster closures, and negotiating facility upgrades, co-tenancy waivers and common area upgrades. This individual must utilize independent, critical thinking, problem-solving and analytical skills to negotiate lease modification agreements, analyze property details, such as Legal Description, Site Plan, boundaries, etc., perform in-depth lease research, and apply practical real estate knowledge in making appropriate decisions and enforcing lease provisions.
Manage Landlord special requests (rights-of-way, condemnations, easements, lease restrictions, co-tenancy waivers, parcel splits, common area alterations, building improvements, etc.). Assess lease/legal implications of request and partner with field Ops to understand impact on business operations. Conduct independent negotiations with the Landlord, Property Manager or Landlord’s attorney and perform a financial metrics analysis for each project. Secure appropriate exhibits to memorialize negotiated changes, and present recommendation to Director of Lease Compliance & Renewals and Sr. Director of Lease Administration. (30%)
Resolve (prevent) litigation involving Tenant (DG) default for triple net properties by researching and interpreting lease obligations, determine the appropriate corrective measures and partner with internal departments (Real Estate Legal, Risk Mgmt., Store Facilities, field Ops, etc.) to initiate plan of action and ensure compliance of the lease. Communicate with Landlords and/or their attorneys regarding the plan of action and/or disputes claim. (15%)
Support company initiatives and special projects, including property acquisitions, Disaster closed stores, technology development, and merchandising/remodel initiatives. For projects requiring Landlord involvement or consent, negotiate scopes of work for facility upgrades, Disaster rebuilds, property improvements, use waivers, stockroom expansions, etc. (15%)
Salary.com Estimation for PROPERTY MANAGER in GOODLETTSVILLE, TN
$93,941 - $132,171
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