Petrakis Realty Group

What Petrakis Realty Group does

Petrakis Realty Group (PRG) is a privately held real estate investment firm founded by three brothers in the early 1990s, headquartered at 4007 Merrick Road in Seaford, New York. The firm acquires, develops, owns, and manages a portfolio exceeding 100 commercial and residential properties, with cumulative transaction history of over $500 million in shopping centers and strip malls, primarily concentrated on Long Island, NY. Its current strategic emphasis is on triple net (NNN) single-tenant lease assets — most notably 7-Eleven and Dunkin Donuts locations — alongside strip malls, shopping centers, gas stations/c-stores, and multi-family residential properties distributed across at least 14 U.S. states.

The firm's offering is organized by six asset categories: 7-Eleven Properties, Restaurant Properties (including Dunkin Donuts, Cheddar's, Friendly's), Net Lease Properties (multi-state), Shopping Centers (Long Island-centric), Residential (multi-family apartments in Deer Park and Bellmore, NY), and Gas Stations/Mart (Florida, West Virginia, NY). PRG has no proprietary technology platform, software stack, or AI/data infrastructure — its capabilities are entirely conventional real estate underwriting, financing, leasing, and asset management. Operations are lean with 1–10 employees, with senior leadership consisting of Peter Petrakis (Principal, Development and Acquisitions), James J. Petrakis (COO, NYU Stern finance and St. John's Law), and Billy Petrakis (CFO, with the firm since 1998).

PRG generates revenue primarily through (i) recurring rental income from NNN-leased properties where tenants bear maintenance, tax, and insurance obligations, (ii) capital appreciation and transaction gains from buying, selling, and developing properties, and (iii) equity participation in joint ventures with real estate sponsors across multiple property types. Pricing is fully transaction-based and negotiated individually based on property characteristics, market cap rates, and financing conditions — there are no standardized pricing tiers. Go-to-market is relationship-led through direct outreach, market relationships, and opportunistic acquisition, supplemented by a basic listing website and direct phone contact, with a stated internal target of acquiring or developing a minimum of eight properties per calendar year — a target PRG states it has consistently exceeded.

Name

Petrakis Realty Group

Legal name

Petrakis Realty Group

Website

https://petrakisrealtygroup.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Petrakis Realty Group is a privately held, family-owned real estate investment firm founded in the early 1990s that acquires, develops, and manages 100+ commercial and residential properties — primarily triple net lease assets such as 7-Eleven and Dunkin Donuts — concentrated on Long Island, NY with select holdings across 14+ U.S. states.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment

NAICS

Rental and Leasing Services (532), Real Estate and Rental and Leasing (53)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Investors, Nec (6799)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate investment
• Triple net properties
• Shopping center development
• Net lease acquisitions
• Real estate joint ventures

Headquarters

HQ city

Seaford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Property Rental Income: The firm generates revenue through rental income from its portfolio of over 100 commercial and residential properties. Properties include shopping centers, strip malls, 7-Eleven stores, Dunkin Donuts locations, gas stations, restaurants, and residential apartment buildings. The company focuses on triple net (NNN) lease properties where tenants bear maintenance, taxes, and insurance costs.
2. Property Acquisition and Disposition: The firm buys, sells, and develops real estate properties, generating revenue through capital appreciation and transaction-based gains. The company has bought, sold and developed over $500 million in shopping centers and strip malls.
3. Joint Venture Equity Investment: The firm provides equity to strong sponsors on various property types, participating in joint venture arrangements where they co-invest in real estate acquisitions and developments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Petrakis Realty Group (PRG) is a privately held real estate investment firm that acquires, develops, owns, and manages commercial and residential properties. Its portfolio of more than 100 assets is concentrated in triple net (NNN) leased single-tenant retail such as 7-Eleven and Dunkin Donuts, shopping centers and strip malls on Long Island, NY, along with restaurants, gas stations/marts, and multi-family residential properties. The firm also provides joint venture equity capital to sponsors across multiple property types.

Product overview

Petrakis Realty Group (PRG) is a privately held real estate investment firm that operates as a single unified platform for commercial real estate acquisition, development, and property management. The company manages a portfolio of over 100 properties valued at over $500 million, primarily focused on Long Island, New York. PRG's product offerings are organized by property type: 7-Eleven Properties (single-tenant NNN convenience stores), Restaurant Properties (Dunkin Donuts, Cheddar's, Friendly's), Net Lease Properties (multi-state commercial NNN), Shopping Centers (strip malls and retail centers), Residential Properties (multi-family apartments), and Gas Stations and Mart (convenience stores with fuel). The company's business model emphasizes triple net (NNN) lease properties and value-added investments through releasing, repositioning, rehabilitation, and development.

Differentiator

Problem solved

Functional benefit

Products and services

• 7-Eleven Properties Triple net (NNN) single-tenant 7-Eleven convenience store properties available for acquisition or investment throughout the United States.
• Restaurant Properties Restaurant properties including free-standing locations and end-cap spaces, including national franchise tenants such as Dunkin Donuts, Cheddar's, and Friendly's.
• Net Lease Properties Triple net (NNN) lease commercial properties located across multiple states including New York, New Jersey, Pennsylvania, Connecticut, Texas, Florida, Indiana, Illinois, Maine, West Virginia, and Massachusetts.
• Shopping Centers Retail shopping centers and strip malls primarily located on Long Island, New York, including assets in Bohemia, Bellmore, Commack, Southampton, Greenlawn, St. James, Seaford, North Babylon, Bay Shore, Huntington Station, Islip, and Burlington, NJ.
• Residential Properties Multi-family residential apartment buildings and residential real estate assets located in Deer Park and Bellmore, New York.
• Gas Stations and Mart Properties Gas station and convenience mart properties located in Florida (Fleming Island, Haines City, Lake Butler), West Virginia (Barboursville), and New York (Central Islip, Baldwin, Deer Park, Huntington Station, Hammondsport).
• Joint Venture Equity Partnerships Equity capital provided by PRG to strong sponsors across various property types including shopping centers, strip malls, gas stations, and residential properties, structured as joint venture co-investments for real estate acquisitions and developments.

Quantifiable outcome

• Over $500 Million in shopping centers and strip malls bought, sold and developed
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Four Corners Property Trust: Public NNN REIT (NYSE: FCPT) focused on restaurant and retail leased properties, with a tenant roster that overlaps PRG's restaurant/QSR focus. Same asset class and lease structure.
• National Retail Properties: Public NNN REIT (NYSE: NNN) focused on single-tenant retail properties leased to credit tenants, similar to PRG's 7-Eleven and Dunkin Donuts holdings. Highly comparable property type, tenant profile, and NNN lease structure.
• Kimco Realty: Public shopping center REIT (NYSE: KIM) that owns grocery-anchored and open-air shopping centers. Directly comparable to PRG's strip mall and shopping center holdings, including its Long Island NY exposure.
• Phillips Edison & Company: Public shopping center REIT (NASDAQ: PECO) focused on grocery-anchored neighborhood centers, with a value-add operating model. Highly comparable to PRG's strip mall acquisition, repositioning, and re-tenanting approach.
• NETSTREIT Corp: Public NNN REIT (NASDAQ: NTST) focused on acquiring single-tenant retail and convenience properties, frequently including 7-Eleven and similar convenience/QSR tenants. Direct overlap with PRG's core acquisition targets.
• Brixmor Property Group: Public open-air shopping center REIT (NYSE: BRX) focused on value-add and re-tenanting of community shopping centers — closely mirrors PRG's repositioning/releasing strategy on strip malls.
• Essential Properties Realty Trust: Public NNN REIT (NASDAQ: EPRT) focused on middle-market single-tenant properties, often convenience, QSR, and service retail. Closely comparable tenant profile and property type to PRG's portfolio.
• Federal Realty Investment Trust: Public shopping center REIT (NYSE: FRT) with a long history of mixed-use and open-air retail ownership. Comparable in retail strip center asset class and Northeast geographic exposure to PRG.

Broad incumbents

• Realty Income: Public NNN REIT (NYSE: O) with a multi-tenant, multi-sector net-lease portfolio. Directly comparable in business model (NNN leases with credit tenants) and asset class to Petrakis Realty Group, though at vastly greater scale and with a publicly traded capital base.
• W. P. Carey: Public diversified NNN REIT (NYSE: WPC) with single-tenant net-lease assets across industrial, retail, and office. Comparable business model and lease economics, though broader property type mix than PRG.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petrakis Realty Group