Position Summary...

The Senior Manager, Portfolio Management – New Stores is responsible for identifying, evaluating, and securing new store locations to support the company's growth strategy. This role involves extensive market research, site selection, negotiations, and collaboration with internal and external stakeholders to ensure successful store openings.

What you'll do...

Market Analysis and Site Selection

• Conduct thorough market research to identify potential new store locations.

• Analyze demographic, economic, and competitive data to assess site viability.

• Visit and evaluate potential sites to determine their suitability.

• Presenting to leadership

Negotiation and Acquisition

• Negotiate lease or purchase agreements for new store locations.

• Collaborate with legal teams to review and finalize contracts.

• Ensure all agreements align with company policies and financial goals.

Project Management

• Coordinate with internal teams (e.g., construction, legal, finance) to facilitate store openings.

• Manage timelines and budgets for new store projects.

• Monitor progress and address any issues that arise during the development process.

Stakeholder Collaboration

• Build and maintain relationships with landlords, brokers, and local authorities.

• Work closely with the store operations team to ensure a smooth transition from site acquisition to store opening.

• Communicate effectively with senior management to provide updates and secure approvals.

Compliance and Documentation

• Ensure all new store locations comply with zoning laws and other regulatory requirements.

• Maintain accurate records of site evaluations, agreements, and project milestones.

• Prepare and present reports on market trends and site performance.

 

What You'll Bring…

• Minimum of 5 years of experience in commercial real estate, preferably in retail site selection.

• Proven track record of successful site acquisitions and store openings.

• Strong analytical and negotiation skills.

• Excellent project management and organizational abilities.

• Ability to work independently and make informed decisions.

• Proficient in real estate market analysis tools and software.

• Strong communication, presentation and interpersonal skills.

• Willingness to travel frequently to assess potential sites and manage projects.

• Bachelor’s degree in Real Estate, Business Administration, or a related field

At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more.

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You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable.

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For information about PTO, see https://one.walmart.com/notices.

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Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities. Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart.

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Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms.

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For information about benefits and eligibility, see One.Walmart.

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The annual salary range for this position is $80,000.00-$155,000.00

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Additional compensation includes annual or quarterly performance bonuses.

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Additional compensation for certain positions may also include:

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- Stock

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Minimum Qualifications...

Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.

Minimum Qualifications
Bachelor’s degree in Real Estate or related field and 3 years’ experience in real estate, retail development, tenant representation, or related area
OR 5 years’ experience in real estate, retail development, tenant representation, or related area.
2 years’ experience in property management.

Preferred Qualifications...

Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.

Project and portfolio management, Supervisory

J.D., Masters: Business Administration

Primary Location...

2608 Se J St, Bentonville, AR 72716-3724, United States of America