15045 Dixie HwyHolly, MI 48442

For Sale
$75,000

High-growth EV charging portfolio

Overview

Added:
Dec 11, 2024
Days on market:
94
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
Other specialty properties, Data centers and call centers
Year Renovated
2024
Units
84

Location Insight

City
Holly
County
Oakland
State
Michigan
Latitude
42.815576
Longitude
-83.5452223
15045 Dixie Hwy, Holly, Michigan
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15045 Dixie Hwy
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