Real Estate Manager

At Caribou Coffee we create day-making experiences that spark a chain reaction of GOOD! This is our purpose. Our team brings this to life by focusing on what's really important around here - TEAM, GUEST, BUSINESS! It's that simple. If you're ready to work somewhere you can be yourself while making an impact on your community, creating life-long relationships, and serving the best coffee around, join our herd! Apply today and be part of the 'Bou Crew!

Position Overview:

As a Real Estate ManageratCaribou Coffee, you will play a pivotal role in driving the growth of our brand by leading, managing and reporting on the delivery of real estate development projects within the corporate and franchisee new store pipeline at home in the state of Minnesota and subject to growth. Your expertise in research, analysis, and negotiation will be key to assessing opportunities for acquiring additional locations, land, or buildings and investigating potential property acquisitions or dispositions. You'll stay ahead of the curve by monitoring market trends and competitor activity, ensuring Caribou remains a strong presence in the industry.

The Real Estate Manager will also spearhead site inspections and assessments of potential property acquisitions and negotiate purchase or leasing agreements. You will partner with cross-functional teams, facilitating the smooth execution of real estate development projects and reporting on critical store development milestones and mitigating any risk of delivery.

Core Responsibilities

• Collaborate with the real estate team and leadership to develop and execute a strategy for creating a pipeline of 10-20 locations annually within assigned markets, driving responsible growth while minimizing risk and meeting company goals.
• Manage assigned territory market strategy and strategic growth plan by partnering with market experts and brokers to gain insights into current market conditions, trade area strengths and potential challenges.
• Secure alignment on market penetration plan and timing with senior management and Regional Directors of Store Operations.
• Manages existing real estate portfolio in designated markets, negotiating new lease agreements and renewals, which will include coordinating reinvestment matters with internal partners; negotiating new or enforcing lease terms; providing notice of landlord responsibilities.
• Participate in the evaluation and assessment of new markets.
• Lead site searches, recommendations, and selections for new or repositioned Caribou locations, aligning with site selection criteria and market strategy and supported by market research analysis.
• Create real estate and market presentations for consideration, analysis, or project approval. Materials may include market maps, aerials, demographic studies, broker assessments, and market performance data.
• Support real estate team in determining the economic viability of projects by inputting data into financial models to create new store financial reports.
• Manage location analysis platforms to ensure accurate, up-to-date data and modeling for sales forecasting, analytics, and reporting.
• Conduct market research and demographic studies using internal and external systems for market entry analysis and store performance predictions.
• Negotiate letter of intent terms and construction work letters with Legal, Design, Construction, Broker, and Developer teams.

• Track, document, and drive real estate developer schedules and deliverables, escalating missed dates or deliverable risks including but not limited to project entitlements, permits, and construction.
• Generate and coordinate real estate development schedules and issues with stakeholders including developers, general contractors and internal construction and design teams.
• Lead initiatives to integrate new processes, procedures, and technologies, supporting new store growth efforts and enhancing data accuracy and reporting.
• Facilitate and track project deliverables across teams, driving the store project development schedule, including legal, entitlement, signage, and project schedule exhibits.
• Champion cross-functional relationships to ensure collaboration and partnership across multiple departments and channels.

Skills and Qualifications

• Brings our Core Values to life in all that you do: Support One Another, Make Fun Happen, Be Yourself, Take Ownership, Serve with Love
• Ability to prioritize effectively in a fast-paced and sometimes ambiguous environment.
• Proven strong track record in relationship building.
• Goal-oriented and creatively driven.
• Ability to manage stakeholder expectations and execute appropriately.
• Excellent initiative as a self-starter; possesses the ability to bring opportunities to life.
• Excellent organizational skills.
• Demonstrates the ability to solve problems, think critically, and make timely decisions.
• Results-driven, proven sense of urgency, and demonstrates strong initiative towards business needs.
• Possesses a clear and engaging communication style rooted in a desire to understand others and create solutions.
• Skilled in working with cross-functional teams to create results, resolution of issues and alignment across the organization.
• Ability to inspire creative solutions, problem-solve and thrive in an ambiguous environment.

Qualifications:

Required:

• 5+ years' experience in the real estate development industry
• Experience with quick-service restaurants (QSR) and/or drive-thru real estate
• Bachelor's degree in a related field
• Experience with research and/or analytic software and reporting=

Preferred:

• Experience with retail real estate
• Project Management and Communications experience.
• Strong presentation skills.

Physical Requirements:
The physical requirements for this position include sitting, standing, bending, lifting, and moving intermittently during working hours. These physical requirements must be accomplished with or without reasonable accommodation.

The duties of this position may change from time to time. Caribou reserves the right to add or delete duties and responsibilities at the discretion of Caribou or its managers. This job description is intended to describe the general level of work being performed. It is not intended to be all-inclusive.

Caribou Coffee Operating Company, Inc. and itsaffiliatesare proud to be Equal Opportunity Employersto all applicants for employment and prohibit discrimination and harassment of any type based on any characteristic protected by federal, state or local laws. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Compensation Range:

*Starting pay is subject to Local and State Minimum Wage regulations.

**Ranges reflect what employer reasonably and in good faith expects to pay for such position.

The physical demands for this position are reaching, lifting up to 50 pounds, sitting, standing, for 4 to 8 hours, bending, and moving intermittently during working hours. These physical demands may be accomplished with or without reasonable accommodations.

The duties of this position may change from time to time. Caribou Coffee reserves the right to add or delete duties and responsibilities at the discretion of the company or its managers. This job description is intended to describe the general level of work being performed. It is not intended to be all-inclusive.

Caribou Coffee Operating Company, Inc. and its affiliates are proud to be Equal Opportunity Employers to all applicants for employment and prohibit discrimination and harassment of any type based on any characteristic protected by federal, state or local laws. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Brand: