News: Brokerage

Cleeman Realty Group sells 4,500 s/f McDonald’s site for $2.29 million

Tonawanda, NY Cleeman Realty Group has completed the $2.29 million sale of a McDonald’s situated on an outpad in front of a Tops Supermarket anchored center. The net lease property is located on Young St. and consists of 4,500 s/f on 1.25 acres. The McDonald’s has been at the location since the early 1990s and the store has been rebuilt numerous times over the years.

“The transaction closed without issue despite volatile market conditions and rising interest rates” said Samuel Seelenfreund, vice president of Cleeman Realty.

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