Oklahoma-based Sonic Drive-In has assembled a site at the southeast corner of Burbank and East Boyd drives—near the University View shopping center that’s home to Mellow Mushroom, Izzo’s Illegal Burrito and other restaurants—for the construction of a new fast food restaurant. The acquisition consisted of two separate purchases totaling $1,010,000 for 36,000 square feet, or just over $28 per square foot. Six single-family residences currently on site will be removed to make room for the drive-in restaurant. Sonic was represented by Kent Walker at Donnie Jarreau Real Estate, and the seller was represented by Tigue Bonneval with Beau Box Commercial Real Estate. “We will combine all six lots and revoke the private servitude that provides access to them. That will give us one clean corner site at a lighted intersection that will service the student population nearby,” says Walker. This area has been positively impacted in recent months by the significant number of new apartment projects that are either under construction or have been announced—and who doesn’t need a few foot-long hotdogs with chili and some tots after partying at Bogies? This should be a successful location for Sonic, which already has nine Baton Rouge restaurants.
Sonic Acquires Site on Burbank Drive
January 30, 2014 by