Back in "the day," it was Brookside, here in Tulsa. About a two mile circuit, if you ran all of it. At one end, a burger joint and a car wash, to turn around in the parking lot. At the other end of Brookside, Bel Aire shopping center. Either turn around in the lot, park in the lot or go around the block adjacent to the center..
Along Brookside, these were some of the spots:

Der Weinerschnitzel [hot dogs and the like]
McDonalds
Quik Trip convenience store
A couple full service gas stations that closed early, and one that was 24/7
A grocery store with a huge lot.
A Jr High school with a big lot.
2 strip clubs and a bar.
A host of other businesses, closed in the evenings.

We tried to be respectful of the property we parked on and the business lots. Supported the gas station [full service] and the two drive in restaurant [a root beer stand and Penningtons]. That way, we didn't get run off. Lasted until the eighties, then yuppies moved in and opened their businesses. Complained and their squeaky wheels won. Now kids hang out in a newer part of town, as previously stated. Cool, but not as cool as I remember...way back when.

BTW, we raced a bit, stop light stuff. BUT, there was a 1/4 mile section marked off on US 75 highway...lots of money traded hands.