12600 W Cedar Dr 14,609 SF Flex Building Lakewood, CO 80228 $4,845,750 CAD ($331.70 CAD/SF) 7% Cap Rate

12600 W. Cedar Drive in Lakewood, CO is being offered at $3,500,000 and presents a rare opportunity to acquire a fully occupied, single-tenant net-leased commercial property in one of Denver’s most supply-constrained submarkets. The 14,609 SF building, situated on a secured 1.01-acre lot with 31 striped parking spaces and two ingress/egress points, was originally built in 1968 and completely renovated in 2024 with new interior finishes, updated lighting, a new chiller and boiler, and a modern security system, with landscaping improvements currently underway. The property is leased to NationScapes, a leading lawn care and irrigation services company backed by Perennial Service Group (PSG), a national home services platform operating across 15 states with 34 brands and more than 1,700 employees, financially supported by Tenex Capital Management. The tenant is in the first year of a five-year lease with two five-year renewal options, secured by a corporate guaranty, and operates the property as both a local landscape operations center and a hub for PSG’s executive management and national sales support team. With a true NNN lease structure in place, where the landlord is only responsible for the foundation, roof, and exterior walls, this asset offers investors long-term stability and minimal management responsibilities. Strong surrounding demographics further enhance the property’s value, with a 2025 projected population of over 219,000 within a five-mile radius, a daytime population exceeding 220,000, and median and average household incomes of $92,803 and $127,156 respectively.