Sonic Franchisee Buys Poplar Avenue Site

Memphis Daily News:

Solberg Properties, the local franchisee of Sonic, America’s Drive-In restaurants, has bought the property at 5336 Poplar Ave. in East Memphis for $1.8 million. The 1-acre site contains a 6,713-square-foot building that was built in 1980 and formerly housed Bennigan’s Grill & Tavern and most recently the River City Bar & Grill.

Solberg Properties, a family owned business that operates Sonic restaurants throughout the area, on Nov. 6 bought the parcel from a trustee who owned it on behalf of two trusts: William A. Frazee, CPA, Trustee of the Luella Phillips Wiygul Revocable Trust Dated April 30, 1993, and the James L. Wiygul Revocable Trust Dated April 30, 1993.

The parcel is part of the Poplar and West Suggs Planned Unit Development Phase I and has an appraised value of $1.7 million, according to the Shelby County Assessor of Property.

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