We have rough plans below (red outline is the original footprint). 

New construction offers a unique blend of potential high returns and control over the investment, making it an attractive option for those looking to diversify their portfolios.The Advantages of New Construction InvestmentCustomization and Control: New construction projects offer investors the chance to tailor properties to meet current market demands, ensuring higher occupancy rates and returns.Energy Efficiency and Sustainability: Modern constructions come with the latest in energy-saving technologies and sustainable materials, appealing to a growing eco-conscious tenant base.Lower Maintenance Costs: With everything brand new, the initial years following a new construction project see significantly lower maintenance costs compared to older properties.Tax Incentives: Many regions offer tax benefits for new construction projects, especially those that meet certain environmental or economic development criteria.How to Approach New Construction InvestmentEmulating Buffett's investment strategy involves careful market research, understanding local real estate dynamics, and potentially partnering with experienced developers.

What Insurance coverage you need to require of the Pharmacy in the lease (General Liability, Professional Liability, Environmental/Pollution Liability, Business Auto, Workers Comp., Umbrella Liability. 

Footprint and plans are good, but now I am very worried about the contractor.

We are closing closer to 60 a month and had reduced our footprint when interest rates were at their highest. 

Complete due diligence (geotechnical report, environmental testing, asbestos if you have to demo an existing structure)6.

Where these numbers are found, there is a very high rate of rent actually being paid.A little more about the area:We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

Socially and environmentally conscious investors are increasingly looking beyond just financial returns.

Main street is most certainly in need of some risk-taking commercial investors, but the city has such incredible environmental potential.

If there was a dry cleaner operating there in the past, for example, you could be on the hook for environmental stuff, to give one quick example.#3: Definitely expect insurance to keep climbing, especially for Tampa.