In this work, a modified Holling-Tanner predator-prey model is analyzed, considering important aspects describing the interaction such as the following: the predator growth function is of a logistic type, and a weak Allee effect acting in the prey growth function and the functional response is of hyperbolic type. By making a change of variables and a time rescaling, we obtain a polynomial differential equations system topologically equivalent to the original one, in which the nonhyperbolic equilibrium point .0, 0/ is an attractor for all parameter values. An important consequence of this property is the existence of a separatrix curve dividing the behavior of trajectories in the phase plane, and the system exhibits the bistability phenomenon, because the trajectories can have different !-limit sets, as an example, the origin .0, 0/ or a stable limit cycle surrounding an unstable positive equilibrium point. We show that, under certain parameter conditions, a positive equilibrium may undergo saddle-node, Hopf, and Bogdanov-Takens bifurcations; the existence of a homoclinic curve on the phase plane is also proved, which breaks in an unstable limit cycle. Some simulations to reinforce our results are also shown.