By Carole Hawkins–
A large commercial building in Citrus Heights occupied for a decade by Burlington is on sale for $9.75 million.
According to an online listing, Burlington Stores Inc. has occupied the 65,408-square-foot building since 2008, located at the corner of Greenback Lane and San Juan Avenue. It recently exercised a five-year lease renewal option, to commence in February. Burlington is a nationally recognized off-price retailer with fiscal year 2017 revenue of $6.1 billion.
Built in 1973 the Burlington building is situated in a shopping center co-anchored by Kohl’s and Ross, which creates “a synergy of value-driven shopping concepts,” the listing said. Sales at this Burlington location have increased from approximately $7 million in 2012 to almost $10 million in 2017, according to the listing. The property is being represented by Core Commercial Real Estate.
The Burlington building is one of several large commercial properties that have gone up for sale this year in Citrus Heights, including the Sunrise Hills Shopping Center, a six-acre center on Sunrise Boulevard that went on the market last month for $14.5 million. In January, the 35,000-square-feet…