Formerly Green Wave, a cannabis cultivation and production company, the business and real estate holdings were recently sold to Planet 13, a leader in the cannabis cultivation business. The building is a purpose-built building, constructed just a few years ago specifically for the growing of cannabis for distribution to Planet 13, one of the fastest-growing and most well-respected dispensary and cultivation companies in Nevada.

The building was built and outfitted with several high-end construction features, including 61 HVAC units situated on the roof, a maintenance-free concrete parking lot, building height of 26 feet, fully gated and enclosed secured parking, and security cameras surrounding the perimeter of the building. This building will serve as one of the cultivation and grow facilities for Planet 13, where product will then be sent to their 1275 W Elm Street location for production and distribution to both Planet 13 and other cannabis distributors.

Currently, Planet 13 holds multiple licenses to cultivate, distribute, and retail their product and is one of the fastest growing Cannabis companies in the country. In 2018, they hosted a grand opening of their Retail Superstore adjacent to Trump Tower, attracting the who’s who of Las Vegas which was the beginning of the rapid growth they’ve enjoyed in the last few years. Their Las Vegas superstore attracts nearly 90,000 visitors per month and offers a one-of-a-kind experience to local visitors but has also become an attraction for tourists who wish to add Planet 13 to their bucket list of visited places.

At the close of escrow, Planet 13 holdings will execute a new. 15-year sale-leaseback to a qualified investor, on an absolute NNN basis with no landlord responsibilities whatsoever, giving investors a passive, stable, cash-flowing investment in one of the fastest-growing industries in the nation, with one of the leading companies in the business.