Spark Car Wash is a high-growth, institutionally-backed express exterior car wash company serving the Northeast. Our mission is to become the premier brand in the market by providing consistent excellence to our customers and an enriching environment for our employees. Spark is in the process of launching multiple best-in-class locations with a vision of becoming the largest operator in the region by 2025.
Real Estate Manager ('REM') Position Summary:
As we grow our company, we are actively adding a skilled Real Estate Manager supporting our expanding 9-person Real Estate team. The Manager's primary responsibilities will be identifying, recommending, and qualifying potential real estate properties within assigned territories in support of Spark's Market Penetration Plan. The REM will report to the Director of Real Estate and will be focused on the greater Philadelphia market. The department is led by a VP of Store Development, who has extensive experience leading the development organization in this region for major brands including QuickChek and Rite Aid.
The express car wash market is the most dynamic multi-unit retail category today, and one of the most vibrant sectors in consumer-focused private equity. This role represents the opportunity to join an emergent brand poised to be a regionally dominant player, while developing under one of the best-known real estate leaders in the region supported by a department with over 175+ years of experience in real estate.
Requirements
Responsibilities:
Implement a comprehensive, strategic market plan for a defined territory and achieve bold new store growth goals
Build relationships with local landowners / developers to secure best-in-class 'A' sites
Manages broker network across defined territory for use in conjunction with Company growth
Compile and analyze data on the desirability of sites in terms of present and anticipated commercial activity, area demographics, traffic flow, and ease of access
Determine site feasibility through a site pro-forma budget in coordination with the Real Estate Committee (REC)
Understand potential areas of concerns from local municipalities in the entitlement process
Coordinate with key third party vendors (e.g., civil engineer, design architect, attorney) throughout the development process
Prepare and present real estate site packages to the Real Estate Committee
Conduct site rides with the VP of Store Development, Director of Real Estate, and REC to gain field approval of proposed sites
Prepare and negotiate terms of letter of intent (LOI) and work with legal representation to negotiate lease or purchase contract for all approved sites
Participate in weekly development department project status meetings
Performs other related duties, tasks and responsibilities as required, assigned, and directed
Desired skills, education & experience:
Bachelor's degree preferred
5+ years of Retail Real Estate experience (preferably focused on land development for single-tenant uses)
Deep broker, landlord, and developer relationships in Philadelphia
Must physically reside in or within 25 miles of Philadelphia
Effective collaboration across internal stakeholders, external vendors, and local municipalities
Outstanding interpersonal and communication skills
Effective lease and contract negotiation skills
Ability to work independently
Strong analytical and organizational skills
Proficiency in Microsoft Office Suite
Availability for extensive regional travel
Must have a valid driver's license.
Must be authorized to work in the United States
Benefits
A base salary and a comprehensive compensation package (e.g., commissions, vehicle stipend)
Excellent comprehensive health coverage, including medical, dental, and vision, as well as ancillary benefits
401K with contribution match
3 weeks paid vacation
Company laptop
Branded company gear and free car washes
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