Listed by Creek Commercial Realty
$2,700,000
Newport Shopping Center
Details
Property Type Retail
Sub Type Shopping Center, Strip Center
Square Footage 26,143
NOI $98,718
Occupancy 61%
Retail | 26,143 SqFt
Marketing description
Newport Shopping Center offers a rare opportunity to acquire a well-located retail center in one of northwest Oklahoma City’s most trafficked corridors. Just off Northwest Expressway and one block from Lake Hefner, the property benefits from excellent visibility, easy access, and steady activity from nearby residential neighborhoods and recreational destinations. Current tenants include two popular restaurants, a laundromat, and a dog grooming business—service-oriented uses that generate consistent foot traffic and cater to the surrounding community’s daily needs. While the center currently has a vacancy rate of 60%, this is precisely what makes it such a compelling investment. The fundamentals are already in place: location, access, parking, and tenant mix. The pricing reflects the current vacancy, creating room for investors to unlock value through strategic leasing and long-term growth. For those seeking an asset with built-in upside and a clear path to increased income, Newport Shopping Center is a smart play in a market that rewards well-located retail.
Investment highlights
- Attractive Price Point | Priced well below replacement cost, offering immediate equity potential.
- High-Traffic Location | Just off Northwest Expressway, one of OKC’s busiest commercial corridors.
- Strong Physical Condition | Well-maintained exterior, signage, and parking lot with no major deferred maintenance.
- Flexible Space Options | Multiple vacant suites allow for creative leasing strategies and diverse tenant mix.
- Lake Hefner Proximity | Located near golf, trails, and waterfront dining— driving consistent area traffic.
- Below Market Rents | Existing leases offer upside potential through future rent increases and re-tenanting.
Listing Contacts
Listed by Creek Commercial Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$98,718.00
$8,226.50/mo
Valuation Metrics
0
DSCR
3.66%
Cap Rate
3.66%
ROI
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