2255 N Date St
Truth Or Consequences, NM 87901
Property For Lease

Exceptional turnkey restaurant and retail opportunity for sale, Lease or Lease-Purchase to qualified parties in T or C, New Mexico & Elephant Butte Lake State Park, New Mexico’s largest body of water. Both serve as a vortex of New Mexico’s bustling tourism and outdoor recreation industries in addition to offering attractive lifestyles for retirees. This location is situated in a bustling national credit tenant hospitality, retail and restaurant corridor at the Interstate 25, Exit 79 interchange.  In the mid 1990’s, the owner made a number of trips to Truth or Consequences during the peak season, yet it was that off season that drew him to wanting to develop the Highway Exit Interchange as hotel rooms and dining options were few. He found the outdoor recreation lifestyle, night skies and enchanting landscape difficult to leave. The layout of this site was for a hotel, restaurant and convenience store. In 1997 the property owner with a vision of boosting commerce at the gateway of New Mexico’s outdoor tourism epicenter, purchased this site and developed a very successful hotel and restaurant. He was attracted to the corner that was in the early stages of growth. The Super 8 and Best Western Hotels had been established and the Mc Donald’s and K-Bobs food service establishments had been constructed to compliment the lodging for travelers and tourists frequenting Elephant Butte State Park and T or C’s renowned mineral hot springs.   This restaurant location was successful for the last 15 years with the same franchise owner. Their restaurant corporation, like many, experienced the financial hardships with the COVID pandemic yet this location remains a first-class location with great visibility. The restaurant occupies approximately 4,500 square feet with an additional 1,500 square feet of Retail, Convenience Store, Specialty Use or Office with many possibilities. The restaurant seats approximately 150 patrons. The dining area is fully furnished in good to excellent condition. The kitchen area includes fume hoods, suppression systems, dish area, dry storage, operational walk-in cooler and freezer. Recently replaced refrigerated A/C ventilation units. Excellent traffic counts from the Interstate Highway interchange/exit for travelers including hundreds of thousands of lake and outdoor recreation visitors.  The restaurants established around this location do very well. This location has grown steadily over the years, with the addition of Walmart, Holiday Inn, la Cocina, restaurant, and Sonic.  This location is ideally situated to accommodate i the addition of a beer and wine facility added to it. The 1500 square feet with this restaurant has a large, walk-in refrigerator freezer, is ideal for a beer and wine operation. It can also be easily combined with the existing restaurant facility. There is also space out front, for the addition of outside operations. This restaurant was built as a family style restaurant, but could be easily converted to fine dining, or any other themed restaurant.  For people looking for an opportunity, truth or consequences has a lot going for it, large lake, hot springs, Gila wilderness, and great weather.