December 30, 2024 – Hobie Hare, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Troy Regional Medical Center in Troy, Alabama. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,125,000.
Troy Regional Medical Center is located at 1001 S Franklin Drive in Troy, Alabama. Troy Regional Medical Center occupies a 3,068 square foot building positioned on a 0.61-acre parcel of land. Troy Regional Medical Center recently extended their lease demonstrating their commitment to the site and the market. Troy Regional Medical Center has 4+ years remaining on their Double Net Lease. Troy Regional Medical Center offers the only MRI clinic in Troy and is positioned across the street from the hospital’s primary campus, a licensed 97-bed facility operated under the direction of the Troy Hospital Health Care Authority Board. Troy Regional Medical Center is fully accredited by the Joint Commission on Accreditation of Healthcare Organizations. The Property is strategically located just off Alabama Route 10/US Route 231, the area’s primary commercial and commuter corridor. The Property is surrounded by national and local retailers and restaurants, area employers, and residential neighborhoods all of which drive traffic to the area and provide a built-in customer base. Additionally, the Property is 1.5-miles from Troy University. Troy is in southeastern Alabama approximately 50 miles south of Montgomery.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.