Several studies have recently been dedicated towards understanding failure mechanisms in shape memory alloys. Many of these investigations indicate that triaxial stress and stress-concentration affect the fracture behavior of these materials. However, few have made an attempt to characterize the effect of these features on the superelastic behavior of shape memory alloy specimens. In this work, notched round-bar NiTi-specimens have been subjected to a simple set of experimental tests and an extensive numerical investigation. Both the cases of tensile loading and one-cycle loading have been studied. A superelastic-plastic constitutive model is used in this work. The main results show that notches can have a negative effect on the superelastic behavior in NiTi, and that this is related to the development of plastic strains in the material. It was expected that introducing notches would induce residual strain at an early stage. However, for strains up to ∼4%, i.e. just exceeding the transformation length, only the smallest notch investigated herein developed residual strain. By employing the onset of plastic deformation as a criterion for superelastic deterioration, a design window was established to determine the deformation level at which notches become detrimental to superelastic recovery.