Kickapoo Plaza
Shawnee, OK (Oklahoma City MSA)

Property Snapshot | 43,581 SF neighborhood shopping center in Shawnee, OK anchored by Planet Fitness and positioned at the corner of West Independence Street and Kickapoo Avenue.

Acquired: 2/28/2025

Kickapoo Plaza is a multi-tenant retail center located in Shawnee, Oklahoma, within the greater Oklahoma City metropolitan area. The property is strategically positioned along a high-visibility retail corridor with strong accessibility and surrounding commercial activity.

The center is anchored by Planet Fitness and serves a mix of retail and service-oriented tenants that support consistent neighborhood traffic and daily consumer demand within the trade area.

Criterion acquired the property with a value-add strategy focused on operational improvements, long-term income growth, and basis reduction through strategic disposition opportunities. As part of the acquisition, the property included a 1.2-acre outparcel positioned on the hard corner of the intersection, which is intended to be sold separately to reduce debt and improve the overall capital structure of the investment.

The center’s location within an established retail corridor and its combination of stable tenancy and future upside opportunities align with Criterion’s broader strategy of acquiring well-located retail properties with durable cash flow and identifiable opportunities to create additional value through active asset management.

Kickapoo Plaza reflects Criterion’s investment approach of targeting neighborhood retail centers with strong underlying real estate fundamentals, stable in-place occupancy, and multiple paths for long-term value creation.