Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of an 11,050-square-foot single-tenant retail building leased to Family Dollar in Philadelphia, Pennsylvania.

The HFF team marketed the property on behalf of a private seller, and procured a private investor, who acquired the asset as part of a 1031 exchange.

Situated on .34 acres at 6138-6140 Ridge Avenue, the building is in Philadelphia’s Roxborough neighborhood within a main commercial corridor. The building is at a prime location with visibility to more than 14,400 vehicles per day approximately eight miles from the Philadelphia CBD. More than 165,800 residents earning an average annual household income of $92,729 live within a three-mile radius of the property. Family Dollar, a discount retailer with more than 8,000 locations throughout the United States and Canada, has been at the property since 2003 and recently extended its lease through December 2022.

The HFF investment advisory team representing the seller included managing director Marc Mandel and director Steve Schrenk.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.