Harbert Retail is pleased to announce the successful sale of 1664 Forestdale Blvd, a premier single-tenant absolute NNN medical investment property located in Birmingham, Alabama. Casey Howard, Executive Vice President/Broker at Harbert Retail, represented the seller in the transaction.
The property, which leased to Southern Immediate Care, sold for $1.525 million to Florida-based buyer, Tuxedo Court, LLC.
The asset garnered significant market attention immediately upon hitting the market, receiving multiple offers within just weeks of listing. This competitive bidding environment underscores a growing national trend in the commercial real estate sector.
“We are seeing a surge of investors and buyers flocking to purchase absolute NNN investments throughout the Southeast,” said Casey Howard. “Assets that offer solid tenant financial strength combined with significant remaining lease term are highly coveted in the current market.”