GEO Reentry Services + Workforce Investment Solutions — Sale in Decatur, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Decatur, IL 62526
Photos
Investment Figures
- Cap rate
- 9.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Offered at an attractive 9 percent cap rate, this 100 percent occupied, two-tenant center is anchored by GEO Reentry Services and Workforce Investment Solutions. GEO Reentry Services accounts for 74 percent of total rent and is a wholly owned subsidiary of publicly traded The GEO Group, Inc. (NYSE: GEO), which operates approximately 95 locations nationwide. Workforce Investment Solutions accounts for the remaining 26 percent of rent and operates the local Illinois workNet/American Job Center, bringing together 14 community partner agencies and serving as the area’s designated workforce administrator for more than a decade. Workforce Investment Solutions has occupied the property for approximately 15 years through a sublease agreement with the State of Illinois before becoming a direct tenant in 2025. Both tenants signed five-year leases in 2025 with one five-year renewal option and scheduled rental increases ranging from 2 percent to 3 percent, providing built-in rent growth. The property underwent an extensive renovation in 2025, followed by the installation of a new roof in 2026 with a 20-year warranty. The specialized floor plan includes classrooms, offices, conference/classroom space, a PC lab, work areas, resource areas, reception and waiting areas, creating a highly tailored operating environment that makes relocation more complicated than a traditional office setup. The property also offers ease of management, with most exterior third-party services provided through the easement agreement by the neighboring owner. The property is part of a larger center newly anchored by Memorial Therapy Center, an extension of Memorial Hospital, located 0.8 miles south with 280 beds. Additional tenants include Luxury Nails & Spa, Heights Finance and Help at Home, with Walgreens positioned adjacent to the center. The property is located along West Pershing Road (17,300 VPD), 0.7 miles from U.S. Route 51 (10,800 VPD), and near Brettwood Village Shopping Center, which attracts
Market Context
This retail in Decatur, IL is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Decatur, IL — view the full market.
Contact
- Sean Sharko · (630) 570-2238 · sean.sharko@marcusmillichap.com
- Austin Weisenbeck · (630) 570-2169 · austin.weisenbeck@marcusmillichap.com
- Dean Giannakopoulos · (312) 327-5423 · dean.giannakopoulos@marcusmillichap.com
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