Advance Auto Parts

Compensation

Full Description

Job Description: • Accountable for physical growth, portfolio optimization, and real estate cost management in the assigned geographic territory • Identify, evaluate, and advance new real estate opportunities across multiple markets • Serve as liaison between the Real Estate team and field operations • Work with property owners, developers, brokers, municipalities, and internal teams to implement market strategies • Travel extensively to target markets to evaluate potential sites and meet with brokers • Collaborate with the Real Estate Analytics team to review market roadmaps and provide field-based insights • Build and maintain relationships with real estate brokers and preferred developers • Coordinate property tours, review listings, and assess ground-up development opportunities • Partner with Operations, Construction, and Legal teams on site selection, development feasibility, and project execution • Source properties and lead negotiation of Letters of Intent with property owners • Maintain records in Lucernex and manage development lifecycle documentation • Oversee site plans, architectural drawings, and visual documentation • Prepare site packages for Real Estate Committee review • Transition approved sites to Construction while maintaining stakeholder relationships through lease negotiation and build-out Requirements: • Prior experience in market development and real estate negotiations • Strong negotiation, communication, and relationship-building skills • Proficiency in real estate systems (e.g., Lucernex) and Microsoft Office Suite • Ability to travel frequently and work independently in a fast-paced environment • Consistent attention to detail with high accuracy • Strong real estate financial background • Ability to understand a P&L • Ability to calculate square footage, interest, commissions, development cap rates, and percentages • Demonstrated success in cross-functional collaboration, internally and externally • CCIM designation and/or Real Estate Agent or Broker License preferred, not required • 5–7 years of experience in market or real estate development for a retail organization • Bachelor’s degree in real estate, business, finance, or similar field, or equivalent combination of education and/or experience • Position requires 75% travel • Position will be located within or in close proximity to the assigned market Benefits: • Comprehensive health and wellness benefits • Health and wellness benefits for Team Members and their families