Summer Internship 2026 - Real Estate

Five Below • Philadelphia, PA

1d • Hybrid

About The Position

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in. It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace! Five Below Summer Internship Program - 2026 Five Below Summer Internship Program is ON! Our limited open positions for Summer 2026 focus on company strategic initiatives in the exciting environment of value-driven, fun-focused retail. We are seeking energetic, responsible go-getters with innovative ideas, ready to actively participate in company initiatives. We LOVE our interns! Our internship is curated to deliver a rich learning experience for both personal and professional growth. Our program is hands-on, engaging in meaningful work that directly contributes to the company’s missions and ultimate success. You are an active contributor and valued as a part of your team! Location Our alumni agree – we’ve got the magic balance of flexibility and immersion when our interns align with our HQ hybrid model. All applicants should plan to be in the Philadelphia area and have transportation/access to HQ (aka WowTown) throughout the entirety of the program. Internship Details 10 weeks: June 1st- August 7th Full time – 40 hours/wk Paid – $19.50/hr Hybrid model - Reporting into WowTown Tues-Thurs Hands on, results driven projects. No coffee fetching here! Strategic Project focused, coupled with day-to-day responsibilities and development programming Highlights Interactive experiences with Senior Leadership Team Professional Development Sessions Lunch & Learns Insight and participation into companywide initiatives High exposure/small group 100% intern satisfaction rate High intern conversion rate! (On average, we hire 2-3 of our intern alumni each year) And of course – some fun product! Project Details The Real Estate Intern will partner closely with members of the Real Estate team to support the evaluation, negotiation, and presentation of new store sites. Throughout the program, the intern will gain hands-on experience using internal demographic, sales forecasting, and site tracking tools to assess market viability and contribute to pipeline growth. They will observe active negotiations, attend site tours with Regional Real Estate Managers (REMs), and assist in preparing materials for monthly Real Estate Committee (REC) meetings. This role also offers cross-functional exposure, working alongside Construction, Design, and Legal teams to understand the full lifecycle of a deal—from site selection through grand opening—as well as collaborating with external partners such as brokers and landlords. In the second half of the internship, the intern will apply their learning by selecting a prospective site for a future Five Below location. They will conduct financial and market analysis, participate in a mock Letter of Intent (LOI) negotiation, and prepare a comprehensive presentation to simulate the REC approval process. Real Estate team members will role-play committee stakeholders to replicate the rigor of a live review. Success will be measured by the intern’s depth of market knowledge, ability to confidently articulate financials and lease terms, understanding of design and site considerations, and overall effectiveness in responding to committee questions. In addition to strategic project work, the intern will support ad hoc analyses and administrative initiatives that enhance team efficiency and enable REMs to focus on delivering best-in-class growth opportunities. This program also serves as a talent pipeline, developing candidates who are well-versed in our processes and prepared to transition into future administrative, analyst, or junior dealmaker roles.

Requirements

• Must be actively enrolled as rising Junior, Senior, Grad Student or recent Grad with a relevant background. Those studying under an associate’s certificate or similar program may be considered if coursework and skills fit the individual project requirements.
• Minimum 3.0 GPA
• Must be comfortable with Microsoft Office products & remote meeting software
• Must be available for the full 10-week program as space is limited
• Must be a self-starter, highly passionate & detail oriented
• Active ability to problem solve & communicate effectively
• Knowledge and passion for our brand is a plus!

Nice To Haves

• Degree area or experience in Real Estate, Demographics, Market Research, GIS or similar
• Strong verbal and written communication skills
• Proficient in Microsoft Office
• Excellent attention to detail
• Effective critical thinking, problem solving, and project management
• Demonstrated professionalism

Responsibilities

• The Real Estate Intern will partner closely with members of the Real Estate team to support the evaluation, negotiation, and presentation of new store sites.
• Throughout the program, the intern will gain hands-on experience using internal demographic, sales forecasting, and site tracking tools to assess market viability and contribute to pipeline growth.
• They will observe active negotiations, attend site tours with Regional Real Estate Managers (REMs), and assist in preparing materials for monthly Real Estate Committee (REC) meetings.
• This role also offers cross-functional exposure, working alongside Construction, Design, and Legal teams to understand the full lifecycle of a deal—from site selection through grand opening—as well as collaborating with external partners such as brokers and landlords.
• In the second half of the internship, the intern will apply their learning by selecting a prospective site for a future Five Below location.
• They will conduct financial and market analysis, participate in a mock Letter of Intent (LOI) negotiation, and prepare a comprehensive presentation to simulate the REC approval process.
• Real Estate team members will role-play committee stakeholders to replicate the rigor of a live review.
• In addition to strategic project work, the intern will support ad hoc analyses and administrative initiatives that enhance team efficiency and enable REMs to focus on delivering best-in-class growth opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: No Education Listed