Mgr, Portfolio Management

Mgr, Portfolio Management

Tractor Supply Company

This position is responsible for optimizing, negotiating, and renewing the existing lease portfolio for a defined region. The role is expected to take ownership of the defined region within the overall company portfolio, coordinating feedback and data from operations, facilities, and lease administration to determine the optimal strategy for all current locations. The manager will evaluate the best course of action for each store, negotiate in the best interests of the company, create real‑estate packages, and obtain real‑estate committee approval for lease extensions, modifications, cancellations, and expansions.

This role also assists lease administration in negotiations with landlords outside the renewal process.

• Negotiate favorable lease terms through facility improvement allowances, rent reductions, additional options, language adjustments, or facility enhancements.
• Manage the renewal pipeline to ensure adequate lease terms for stores while achieving annual savings.
• Manage the lease exit strategy and negotiate on all closed or vacant store buildings to reduce financial exposure and generate revenue through disposition.
• Partner with merchandising to integrate the Fusion remodel decision into the portfolio renewal process, ensuring reinvestment in the right locations.
• Partner with the new‑store real‑estate directors on relocation opportunities and ensure adequate lease terms cover the entire relocation process.
• Complete and prepare real‑estate packages for presentation to the real‑estate committee to ensure timely approval for lease extensions, expansions, remodeling, and lease improvements.
• Coordinate with legal on all documents for lease extensions and lease modifications.
• Manage outside consultants and internal business partners for subleasing, returning unused store space, or reducing expenses.
• Engage external business partners to facilitate lease renewal negotiations.
• Track status and provide reporting on existing store locations, lease renewals, expansions, and remodels.
• Partner with the RE systems team to transition the renewal process from Excel into project‑management software.
• Work with third‑party brokers to manage the sale‑lease‑back process.

• Experience:
  
  5+ years of retail leasing experience (retail experience preferred).
• Education:
  
  Bachelor’s degree in finance, business, or a related field (or equivalent combination of education and experience).

• Knowledge of lease terminology and typical lease provisions.
• Strong communication and negotiation skills.
• Ability to read and interpret maps, plans, and blueprints.
• Proficiency with lease administration software such as Lucernex.
• Skilled at project management.
• Proficiency in Microsoft Office.
• Architectural plan reading skills.

• Normal office working conditions.

• Sitting.
• Standing (not walking).
• Walking.
• Lifting up to 10 pounds.

This job description represents an overview of the responsibilities for the above‑referenced position. It is not intended to represent a comprehensive list of responsibilities. A team member should perform all duties as assigned by his/her supervisor.

At Tractor Supply and Petsense by Tractor Supply, our team members are the heart of our success. Their dedication, passion, and hard work drive everything we do, and we are committed to supporting them with a comprehensive and accessible total reward package. We understand the evolving needs of our team members and their families, and we strive to offer meaningful, competitive, and sustainable benefits that support their well‑being today and in the future.

Our benefits extend beyond medical, dental, and vision coverage, including company‑paid life and disability insurance, paid parental leave, tuition reimbursement, and family‑planning resources such as adoption and surrogacy assistance, for all full‑time and part‑time team members. Part‑time new hires gain eligibility for TSC benefits by averaging at least 15 hours per week during their 90‑day lookback period. The lookback period starts the first of the month following the date of hire.

If the 15‑hour requirement was met, the benefits eligibility date will be the first day of the month following four months of continuous service.

Mid‑Senior level

Full‑time

Finance and sales

Retail

Middle Tennessee, TN $ - $