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Property profile & analytics
FOR LEASE
Office buildings

15045 Dixie Hwy B Holly, MI 48442

5,570 SF 3.56 ac lot Built 2001
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US43-0172029
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Total area 5,570 SF
Lot 3.56 ac (155,074 SF)
Zoning code BI
APN G -02-29-102-001
UPID US43-0172029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The State Group Real Estate Agency
  • FLO Charging Station Electric Vehicle Charging Station
  • Country Folk Art Craft Show Art Gallery
  • Tegrant Corporation Protexic Brands Factory Production Facility
  • State Electric Company Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$928k
Blend (final) Blend
$1.12M
Owner & transaction history
U S Small Business Administration · 4 yrs held
U S Small Business Administration
since 2022
Last sale
$1.3M
5 recorded transactions
2022
$497,000
2022
Price N/A
2021
Price N/A
2021
$1.3M
2001
Price N/A
Zoning & alternative use
BI · Holly, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $980,000 +50.2%
Restaurant $965,000 +47.6%
Retail stores $940,000 +43.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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