Stonestown Galleria McDonald’s closes after 30 years: high rent, taxes, California’s minimum wage.
The McDonald’s at San Francisco’s Stonestown Galleria has closed its doors after 30 years in business. The franchisee owner, Scott Roderick, cited two main reasons for the closure: Rent and Property Taxes: The landlord was unwilling to negotiate a long-term and sensible rent for the Stonestown location. Additionally, the property taxes and shared tenant mall fees were the highest paid for …