15045 Dixie HwyHolly, MI 48442

Property Details for 15045 Dixie Hwy

Year built

2001

Lot size

3.56 AC

Property size (Sq ft)

5,570 SF

Zone code

BI

Property type

Office buildings

APN

G -02-29-102-001

APU

G0229102001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $953,517

  6.5%

  $880,169

  7%

  $817,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $521,018

  Geo Method

  $521,018

• Alternative Use

  Use

  Valuation

  Residential

  $1,091,410

  Hospitality

  $999,726

  Educational

  $831,760

  Medical

  $860,366

  Retail

  $1,293,849

Location Insight

City

Holly

County

Oakland

State

Michigan

Latitude

42.8156

Longitude

-83.5456

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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