Hicksville, New York 11801
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HICKSVILLE, NY, JULY 17 – Petrakis Properties LLC has acquired the retail property that is net-leased to the reportedly highest grossing 7-Eleven retail store in the United States for $3.865 million. The 4,200 sq ft building is situated on .60 acres at 653 Montauk Highway in Montauk.
The property, operated by franchisee Chris Stephens, is ideally located store at the gateway to Montauk’s business district serving hundreds of thousands of seasonal patrons, seasonal employees, and local residents each year. This acquisition marks a milestone of 40 properties within the Petrakis portfolio that are leased to 7-Elevens throughout the country.
Anthony Ciafardoni, Executive Vice President of Hicksville-based Silber Investment Properties represented the seller, Montauk Service Center. Adam Silber, principal of Silber Investment Properties represented Petrakis Properties LLC.
ABOUT SILBER INVESTMENT PROPERTIES
Long Island based commercial real estate brokerage; Silber Investment Properties (SIP), specializes in the acquisition and disposition of retail investment properties ranging from multi-million dollar shopping centers to a single tenant chain store. In addition the SIP National Net Leased Division brokers hundreds of Triple-Net (NNN) Properties across the country. Silber Investment Properties has earned a reputation for brokering off-market, in-house transactions, and maintains relationships with REITs, large corporations, family trusts, developers, and private investors.