For Sale
$75,000

15045 Dixie Hwy Holly, MI 48442

High-growth EV charging portfolio

Overview

Added:
Dec 11, 2024
Days on market:
132
Exceptional investment opportunity in a rapidly expanding sector. This turnkey portfolio comprises 84 installed and operating electric vehicle (EV) charging systems strategically located in high-traffic municipal areas throughout Michigan. Each system features a mix of Level 2 and 3 (DC fast) chargers, ensuring broad appeal and utilization. The network benefits from 10-year ground leases with municipalities, providing long-term stability and predictable cash flow. The current NOI stands at $4,500 annually, representing a 6.00% cap rate on the asking price of $75,000. The property includes 84 parking spaces, one per charging unit, and revenue is poised for growth as EV usage increases. The ground lease extends until October 24, 2034, offering a substantial remaining lease term of 10 years. This sale/leaseback opportunity presents a unique chance to acquire a proven, scalable business with significant upside potential. The network utilizes state-of-the-art technology, including integrated operating software and payment processing for streamlined management. Further expansion is possible, with plans to install an additional 144 charging systems. The price per unit is $892.86, and the property is categorized as a Business for Sale with Special Purpose, encompassing Business and Building and Telecom/Data Center subtypes. The tenant possesses a credit rating, and the multi-tenant structure ensures diversified income streams. This is an ideal investment for those seeking exposure to the burgeoning EV infrastructure market. Located at 15045 Dixie Hwy, Holly, MI 48442, this portfolio offers a compelling combination of stability, growth potential, and strong cash flow.

Highlights

  • 84 operational EV charging stations in high-traffic Michigan municipalities, with 10-year ground leases.
  • 144 additional stations planned for installation; seeking sale or partnership opportunities.
  • Level 2 and DC fast chargers (Level 3) available.
  • Pricing varies by location; individual station or municipality-wide purchase options.
  • Multiple revenue streams and significant scalability potential.
  • Turnkey investment including cutting-edge technology, operating software, and payment processing.

Property Details for 15045 Dixie Hwy

Property type
Specialty properties, Telecom centers
Year Renovated
2024
Units
84

Location Insight

City
Holly
County
Oakland
State
Michigan
Latitude
42.815576
Longitude
-83.5452223

FAQs

What type of property is this?
Specialty property - High-growth EV charging portfolio
Where is the specialty property located?
The property is located at 15045 Dixie Hwy Holly, MI.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 84 operational EV charging stations in high-traffic Michigan municipalities, with 10-year ground leases.; 144 additional stations planned for installation; seeking sale or partnership opportunities.; Level 2 and DC fast chargers (Level 3) available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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15045 Dixie Hwy
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