MIAMI—A 22,857-square-foot Walgreens drugstore in Miami Beach just traded for $30 million. The sale price is the second-highest paid for a drug store in the U.S.-and the highest price for a net-leased asset in Miami Beach—this year. The sale price equals a whopping $1,312 per square foot.

Sean Shahar Ziv, an associate in Marcus & Millichap’s San Diego office, represented the seller, Trans World Entertainment Corp. Ziv also procured the buyer, an international investor, who paid all cash. Kirk Felici, vice president and regional manager of M&M's Miami office, is the firm’s broker of record in Florida.

“We are experiencing an increasing amount of activity from international investors as buyers turn from the Eurozone’s financial instability to the strength of the single-tenant net-leased property sector in the U.S.,” Ziv commented. “This Walgreens has a 60-year triple-net lease that began in July 2008, with 25 years firm.”