About us

TEJ Holdings is a US company that develops build-to-suit NNN pad sites for quick-service restaurant and retail brands across Wisconsin, Minnesota, Iowa, Missouri, Illinois, Indiana, Michigan, and Ohio. We're a small team, so this role has real ownership. You'll find sites, run the numbers, and help see deals through to LOI.

What you'll do

Site sourcing

- Search for developable land and outparcels in US markets that fit tenant site criteria: traffic counts, visibility, access, co-tenancy, and demographics
- Screen sites using listing platforms (LoopNet, Crexi), county GIS and parcel data, zoning maps, and satellite imagery
- Reach out to US brokers and landowners by email, LinkedIn, and phone, and build ongoing relationships
- Keep a live pipeline tracker of every site reviewed, its status, and why it passed or failed

Analysis and underwriting

- Build pro formas for BTS deals: land cost, site work, construction, soft costs, rent, cap rate, and yield-on-cost
- Pull rent and sale comps for NNN pad properties in target markets
- Research zoning, entitlements, utilities, and access issues that affect feasibility and timeline
- Write concise deal memos with a go / no-go recommendation

Deal support

- Help draft LOIs and track counters
- Support due diligence by ordering and tracking title, survey, and environmental reports, and preparing materials for municipal meetings

What we're looking for

- Experience with US commercial real estate, such as underwriting, research, or acquisitions support for US clients
- Understanding of NNN leases, cap rates, and yield-on-cost
- Strong Excel skills; you can build a pro forma from scratch
- Comfort reading US zoning codes, plat maps, and site plans
- Excellent written and spoken English, with confidence speaking with US brokers and property owners
- Organized and self-directed; you can manage a pipeline without supervision




- Reliable internet and a quiet workspace for evening calls
- Nice to have: experience with CoStar, Placer.ai, or GIS tools

Application Questions

Please answer all three questions in your application and mail it to [email protected].

Question 1: A fast-food restaurant signs a 15-year NNN lease on a pad site at $120,000 per year. Investors are buying similar properties at a 6.0% cap rate. What is the property worth?

Question 2: We're developing a build-to-suit coffee shop with these costs:

- Land: $600,000
- Site work: $250,000
- Building construction: $1,100,000
- Soft costs (design, permits, legal, financing): $150,000

The tenant will pay $147,000 per year in NNN rent. What is the yield-on-cost? If we sell the finished property at a 5.75% cap rate, what is our profit before selling costs?

Question 3: A national coffee brand with a drive-thru (about 60% of sales before 11 a.m.) wants a new location in a growing Midwest suburb. You've narrowed it to two sites:

Site A

- Traffic: 32,000 vehicles/day
- Evening (homebound) side of the road
- Mid-block location
- Full access on the main road
- Next to a Walmart; two competing coffee shops within ½ mile
- 1.0 acre, priced at $700,000

Site B

- Traffic: 21,000 vehicles/day
- Morning (to-work) side of the road
- Hard corner at a signalized intersection
- Right-in/right-out on the main road; full access on the side street
- Near current subdivisions and a high school; no coffee competitor within 2 miles
- 1.3 acres, priced at $520,000

(a) Which site would you recommend to the tenant, and why?

(b) What additional information would you gather before making a final decision?

(c) Would your answer change if the tenant were a burger chain that does most of its business at lunch and dinner? Explain.

To apply: Email your resume and your answers to all three questions to [email protected] with the subject line "Development Analyst Application”

Pay: ₹30,000.00 - ₹70,000.00 per month

Work Location: Remote

📌 Real Estate Development Analyst: Site Acquisition & Underwriting (India)
🏢 Tej DevHoldings
📍 India