Property Management Lease Negotiator

O'Reilly Auto Parts; Springfield (MO); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Competitive wages

401k with employer contributions Start

Medical, Dental, Vision Insurance with

Tuition assistance

Opportunities for career growth

Job summary

O'Reilly Auto Parts seeks a Property Management Lease Negotiator to engage landlords in contract negotiations using market data to obtain favorable lease rates and terms for current stores and expansions.

You will draft lease modifications, coordinate approvals, and support real estate teams across relocations and lease actions with internal counsel and cross-department collaboration.

Qualifications

• Bachelor’s degree or equivalent Real Estate experience.
• Commercial real estate experience, preferably with national credit leasing portfolios.
• Computer literate with 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.

Responsibilities

• 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

Real estate experience

Independent work

Communication

Customer service

Problem solving

Time management

Education

Bachelor’s degree or Real Estate experience

Tools

MS Word

Excel

Job description

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

• 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. The Company does not discriminate on the basis of race, religion, color, national origin or ancestry (including immigration status or citizenship), sex, sexual orientation, gender identity, pregnancy (including childbirth, lactation, and related medical conditions,) age (40 and over), veteran status, uniformed service member status, physical or mental disability, genetic information (including testing or characteristics) or another protected status as defined by local, state, or federal law, as applicable.

Qualified individuals with a disability may be entitled to reasonable accommodation under the Americans with Disabilities Act. If you require a reasonable accommodation during the application or employment process, please send an email to: [e-mail] or call 417-862-2674, ext. 68901, and provide your requested accommodation, and position details.

Consistent with internal policy and applicable law, the Company electronically monitors the use of Company-provided systems, including telephone conversations and transmissions, Internet access and usage, and electronic mail and transmissions. The Company additionally employs video cameras in common internal and external areas.