Finally, I made it for lunch at this new place. According to our waitress, it has only been open for less than 2 weeks. The outside was updated with a new paint. However, much of the decor from the previous restaurant in this location (3 Margaritas) has been retained with slight structural changes on the inside. The decor is odd in that the booths have an old floral pattern and all the tables and chairs are painted with a "mexican" theme... definitely a mismatch in styles.
I ordered their chimichanga lunch special (meat option was chicken, beef or shredded beef) and my dining companion ordered the "mexican style" plate. The service was good and the food fresh. It's hard not to compare it to the previous restaurant since it should be judged on its own merits. Actually, I found the food to be better... which translates to less grease, fresher ingredients. The chips were also fresh and the salsa spicy and tasty enough to keep feeding your face while waiting for your entree.
Overall, a good restaurant with decent Mexican food. I will definitely return due to its food and convenient location.