Potential deal for petcare biz property in GA

[Dan Cahill]

thoughts on a potential (currently unlisted deal)

Price $800,000

Location: Warner Robins, GA

Cap rate 5.75%

15 yr. abs. NNN

2.5% annual rent increases

corp. backing

Petcare biz w/long-term history and well-reviewed

15 yr. old building

[Michael K Gallagher]

Hey Dan, seems like a somewhat solid deal from what you've posted.  My other questions would be, does the space have any limitations on it?  would it make it difficult to place a different retailer in there?  are there any encumbrances on the property that would prevent certain tenants from leasing there? Basically just curious what the exit or pivot plan would be if the pet store goes out of business tomorrow?