Newport Shopping Center | 9120-9146 N Macarthur Blvd
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Features & amenities
Location
Newport Shopping Center offers investors a strong value-add opportunity with a retail property priced below replacement cost in a high-traffic, well-established corridor. Located just off Northwest Expressway and a block from Lake Hefner, the center benefits from strong surrounding demographics and dense residential neighborhoods, along with excellent visibility, access, and parking. The property is clean, well-maintained, and currently hosts a mix of daily-use tenants—including two local restaurants, a laundromat, and a dog grooming business—providing steady activity. With occupancy at 61%, there is significant room for upside through new leasing and strategic tenant repositioning. Priced to reflect this potential, Newport Shopping Center presents a rare chance to acquire a stable, underutilized asset with long-term growth prospects in a proven, expanding area.
- Compelling Price – Offered significantly below replacement cost, creating instant equity upside.
- Excellent Condition – Property features a well-kept exterior, updated signage, and a maintained parking lot with no major deferred maintenance issues.
- Close to Lake Hefner – Near golf courses, walking trails, and waterfront restaurants, attracting steady local activity.
- High-Visibility Location – Positioned just off Northwest Expressway, one of Oklahoma City’s most heavily trafficked commercial areas.
- Versatile Leasing Opportunities – Multiple vacant suites provide flexibility for creative leasing strategies and a varied tenant mix.
- Rent Growth Potential – Current rents are under market, allowing for future increases and value-add through re-tenanting.