The Midtown Niki Group, LLC
Address
3655 Nobel Drive
Suite 650
San Diego, CA 92122
Phone
858.546.0033
Fax
858.546.0034
Email
info@midtownniki.com
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The Midtown Niki Group (MNG) is a boutique real estate investment company that provides sale/leaseback financing and invests equity in development projects.
Retailers and restaurant operators use our Net Lease Programs to convert real estate into cash.
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Acquisitions - MNG Closes on Land for Pollo Campero
August 2008. MNG and its partner, Pollo Campero, have closed on an outparcel to Phoenixs Desert Sky Mall at W. Thomas and N. 75th. MNG is funding the ground up construction of the restaurant. It is scheduled to open in December 2008 and will be the first Arizona location for the rapidly expanding Latin chicken chain. We are excited to be working...
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Grand Opening - EZ Lube, Temecula, CA
July, 2008. MNG and its partner EZ Lube announce the grand opening of the EZ Lube location on Highway 79 in Temecula, California on July 17. MNG has the pleasure of working with EZ Lube at multiple properties and looks forward to funding future development for this tenant.
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Now Open! Chipotle in Stillwater Oklahoma
June 2008. MNG is extremely pleased to announce the grand opening of the Chipotle on Hall of Fame Avenue in Stillwater, Oklahoma. Previously a Fazoli's restaurant, the property was completely redeveloped and leased to Chipotle on a long term basis. MNG is proud to be a partner of Chipotle and hopes this is a very successful location for them.
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Famous Dave's-El Paso, TX - Opens to the Public
MNG is pleased to announce the Grand Opening for the public on October 29, 2007. MNG wishes Famous Dave's every success at this location and future locations.
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El Paso Barbeque- Sierra Vista, AZ - Opens for Business
MNG is pleased to announce the September opening of the El Paso Barbeque in Sierra Vista, AZ. MNG wishes El Paso Bar-B-Que Company every success at this location and future locations.
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Acquisitions- MNG closes on Arby's package
September 2007. MNG closed on the acquisition of 11 Arby's fastfood restaurants, 8 of which are located in the greater metropolitan area of Atlanta with the remainder in the Southeast. MNG acquired the properties pursuant to ground leases with RTM, a wholly owned subsidiary or Triarc (NYSE: TRY).
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Westlake, CA Marriott Residence Inn opens to the public
July 2007. The Midtown Niki Group and its long-time hotel development partner Huntington Hospitality Group are pleased to announce the opening of its 160-room Residence Inn by Marriott in Westlake, CA. One of the most attractive Residence Inns in the marketplace, this property is the product of almost five years of planning, design and development...
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Maui Grille in Surprise, AZ - Completed
May 2007. Maui Grille opened for business to the public on May 24, 2007. MNG funded the land acquisition and construction of the restaurant, which is located on the SWC of Bell and Reems Roads in Surprise, Arizona. MNG wishes Maui Grille every success at this location and future locations.
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Acquisitions- MNG closes on Fazoli's Package
April 2007. MNG recently closed on a package of Fazoli's restaurants pursuant to a sale-leaseback with Fazoli's. MNG now owns over 15 Fazoli's restaurants pursuant to long-term NNN corporate leases.
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Acquisitions - MNG closes on 8 Midas Auto System sites
January 2007 - MNG and its affiliates acquired eight Midas Auto System locations in Florida from GE Capital Solutions, Franchise Finance.
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Acquisitions - MNG acquires package deal from GE Capital
December 2006 -MNG and its affiliates purchased seven restaurant sites from GE Capital Solutions, Franchise Finance. The package consisted of Applebee's, Hardee's, Burger King and Wendy's restaurants. The sites are located throughout the United States.
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Acquisitions - MNDP closes on site in Orland Park, IL
July 2006. Midtown Niki Development Partners (MNDP)coordinated the acquisition of the 1.55 acre lot in Orland Park, IL, a suburb of Chicago, for Rock Bottom Restaurants, Inc. MNDP will be funding the construction of a 9,700 sq. ft. restaurant on the site, which is part of the new 104,801 sq. ft. shopping center that is being developed by Summit Development...
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Acquisitions - MNDP closes on site in Mesa, AZ
May 2006. Midtown Niki Development Partners (MNDP) closed on its acquisition of a Pizza Uno site in Mesa, AZ. MNDP is assisting a well known restaurant chain with the retrofitting of this restaurant for a different use. Opening is scheduled for November 2006.
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Damon's Grill - Chantilly, VA
May 2006. An affiliate of the Midtown Niki Group completed the acquisition of a Damon's Grill in a sale-leaseback transaction. The property is located in Chantilly, Virginia (Fairfax County).
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Old Chicago - Green Bay, WI Completed
April 2006. Midtown Niki Development Partners has successfully completed the renovation of Max & Erma's located in Green Bay, WI. The conversion of the existing Max and Erma's Restaurant into an Old Chicago was completed on schedule. An affiliate of The Midtown Niki Group has entered into a long-term lease with Old Chicago, a subsidiary of Rock Bottom...
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Sale Leaseback - Damon's Ohio
March 2006. The Midtown Niki Group successfully completed the closing of three Damon's Grill Restaurants in a sale leaseback transaction exceeding $7 million. The properties are all located in highly desirable areas of Ohio. The locations are: (i) opposite the Belden Village Square Mall in Canton (ii) south of the Cleveland Airport in Middleburg Heights...
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Jiffy Lube Completed - Surprise, AZ
November 2006. Jiffy Lube has successfully completed the construction of its store on Bell and Reems Roads in Surprise, Arizona. MNG funded the construction pursuant to a long-term build-to-suit lease.
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Acquisitions - Augusta, Georgia
March 2006. The Midtown Niki Group closed on the acquisition of an Eckerd drug store located in Augusta, GA. The property is leased to Eckerd on a long term lease. The property is well located opposite the well known Medical College of Georgia and extensive related hospital facilities. Financing for the property is being provided by StanCorp.
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Land Acquisitions and Build-to-Suit Development
March 2006. Midtown Niki Development Partners closed on a 32,848 sq ft site in Los Lunas, NM to be developed in a build-to-suit for a national automotive chain. MNDP is doing all the development work and construction is scheduled to be complete in September 2006.
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Land Acquisition - Concordville, PA
MNG recently purchased 3-acres of land in the highly desirable area of Concordville, PA. Alliance Development Group will undertake development of the property. Tenants will include a Good-Year Tire store, a proposed Starbucks Coffee Drive-Thru and Applebee's Restaurant.
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Acquisitions - MNDP closes on site in Green Bay, WI
February 2006 - Midtown Niki Development Partners - Green Bay, WI. Midtown Niki Development Partners (MNDP) closed on its acquisition of a Max and Erma's Restaurant site in Green Bay, WI. MNDP is assisting a well known restaurant chain with the retrofitting of this restaurant. Opening is scheduled for April 2006.
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Acquisitions - Kansas
January 2006. MNG successfully completed the closing on the land, construction funding arrangement and acquisition on two newly built Hooters of America restaurants in Kansas City and Topeka, Kansas from a preferred developer. The Kansas City Speedway Hooter's is located in the new RED Development Village West shopping center located at Parallel Parkway...
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MNG Acquires Three Tractor Supply Company Centers
December 2005. MNG successfully completed the acquisition of three Tractor Supply Company centers from two Tractor Supply preferred developers for a total consideration in excess of $8.5 million.
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Sale Leaseback - National Automotive Company in Delaware
October 2005. MNG successfully completed the acquisition and sale leaseback of a free standing building in Wilmington, Delaware for a national automotive company. Financing for the transaction was provided by California Bank and Trust.
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Bella Canto Project Nears Completion
September 2005. The Bella Canto project in Coachella, California, a residential subdivision comprised of 175 single family homes, was started in June 2003 and is now almost complete with 173 units sold and the last two models in escrow. This successful joint venture with Rilington Communities, LLC and Rilington Fresco Canyon, LLC was an investment...
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Acquisitions and Sale Leasebacks - Atlanta, GA
September 19, 2005. The Midtown Niki Group successfully completed the acquisition and sale leaseback of 10 free standing buildings in Atlanta, Georgia for a national automotive company. The total consideration exceeded $17 million.
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Previous Black Angus Restaurant, Eagan, MN
August 2005. An affiliate of The Midtown Niki Group successfully leased the premises to Jacob Restaurant Group. Jacob Restaurant Group opened for business this month and exercised an option pursuant to the lease and successfully closed on the property. We wish Jake's city Grille much success at this location.
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Legacy Village, Phoenix, AZ
August 2005. An affiliate of The Midtown Niki Group closed on the sale of a portion of the well known Legacy Village Center, a 335,000 square foot community center to its JV partner, The Pederson Group. Tenants in the center include Target, Fry's Food and Drug, Ross, Ace Hardware and Payless Shoe Stores.
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