GEO Reentry Services + Workforce Investment 757 W Pershing Rd 12,883 SF 100% Leased Office Building Decatur, IL 62526 $1,582,000 ($122.80/SF) 9% Cap Rate

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 approximately 2.1 million annual visitors. Average household income within one mile is $103,123 and is projected to reach $117,603 by 2030.