2255 Date St Truth or Consequences, NM 87901
This exceptional 6,000 square foot property presents a unique opportunity for lease in a prime retail location at the Interstate 25, Exit 79 interchange. The building boasts a successful 15-year history as a restaurant, offering a fully furnished dining area with seating for approximately 150 patrons. The restaurant space itself encompasses roughly 4,500 square feet and includes a fully equipped kitchen featuring fume hoods, suppression systems, a dishwashing area, dry storage, and walk-in cooler and freezer. An additional 1,500 square feet of retail space is available, ideal for a convenience store or similar venture. This space is currently vacant and ready for immediate occupancy. The property benefits from its location within a thriving hospitality, retail, and restaurant corridor, established in the 1990s to serve the needs of travelers and tourists visiting Elephant Butte State Park and the area's mineral hot springs. The area's existing infrastructure includes hotels such as Super 8 and Best Western, along with established food service businesses like McDonald's and K-Bob's. This turnkey operation offers significant potential for a variety of businesses seeking a high-traffic location with established infrastructure. The property is offered for lease, lease-purchase, or sale to qualified parties. The APN is 3022077042053.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miSimilar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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