Racanelli Realty leases two 7-Eleven stores totaling 4,800 s/f

November 07, 2017 - Long Island
85 Franklin Avenue - Valley Stream, NY

Deer Park, NY Racanelli Realty Services Inc. has completed two 10-year leases, totaling 4,800 s/f, for 7-Eleven stores located on Long Island. The size of each store is 2,400 s/f. One is located at 864 Long Island Ave., Deer Park and the property owner is N. Racanelli Associates and the second store is located at 85 Franklin Ave., Valley Stream, and the owner is 85 Franklin Realty. Racanelli Realty Services represented the owner and tenant in the lease transaction of both properties. The company also handled the mortgage financing for the 85 Franklin Ave. property sale valued at $800,000 through its commercial real estate financing division.

Racanelli Realty Services has previous experience meeting the real estate needs of 7-Eleven franchise owner/operators on Long Island.

About Racanelli Realty Services Inc. 

Racanelli Realty Services, Inc. has built its reputation on a legacy of trust and high quality services spanning over six decades. The company is recognized as a premier provider of comprehensive real estate brokerage and property management services for the commercial, industrial and retail real estate markets. Property owners, investors and businesses in diverse industries rely on the company to maximize their real estate assets, facilitate sound real estate transactions, and optimize their real estate decisions. Racanelli’s brand of brokerage services are distinguished by the fully-integrated solution provided to both landlords and tenants. Distinguishing its property management services is the shared perspective the company’s principals have with real estate owners/investors based on its long tradition as a property owner/investor, as well as its knowledge of all aspects of real estate from building and development to hands-on ownership and leading-edge property improvement, energy efficiencies and tenant satisfaction initiatives. 

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