For example, if you're in a place where there's a bunch of old people and most stores are closed past 3 pm that's not the place you want to be. 3. 

There is also a hotel/liquor store/restaurant for sale that I would like to buy.

The most important thing to focus on is the location (one that will be booming with new stores, increased home values, etc. because this will do great for your property). 

If the locations turned negative, Dollar General never exercised the option to extend, and if the location remained good, they built a larger store across the street.  

Also, I want to create an in-house store with Stayfi and The Host Co to sell themed merchandise and local vendor services.

It's a real problem and can only imagine the number of investors out there who are operating their businesses recklessly under the false beliefs of protections of an LLC created and stored away in file cabinet. 

It looks like you do a favor to the tenants that way, you can make sure the light fixture is properly stored and the fan is properly installed, and you get to keep the fan, which I agree with Keven is seen as an upgrade to many tenants.

Other empty drugstores are becoming plasma collection centers, thrift stores, and car washes.While repurposing drugstores can be challenging, especially when dealing with building design and community concerns, their prime locations make them ideal for creative reuse.

Appliances and fixtures were old and tired.Basically, the core bones of the property were good, but there were a lot of things that seemed ripe for easy improvement.The location was great, right next to the town’s primary commercial district, with a grocery store 100 yards away, coffee shop/bakery, Post Office, drugstore, hardware store, hair and nail salons, barber shop, dentist, bank, a half dozen restaurants, and a variety of other shops and services.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.