Located at 185-189 Merrylands Road, the two-building property is home to the original Cincotta Discount Chemist, which first opened its doors in 1952.
The pioneer store paved the way for modern after-hours and discount pharmacy trading in Australia, now serving as the flagship location for the group spanning more than 50 locations nationwide.
The site is being brought to market by RWC Western Sydney at a time when demand for essential, pharmacy-anchored property remains at an all-time high.
Fully leased to the Cincotta Group and a complementary optometrist through to 2033, the property delivers $353,184 in net annual income.
Joseph Cincotta, whose family has held the land since 1952, said the property holds an iconic place in Australian retail history.
"This is where the Cincotta brand was born," Mr Cincotta said.
"It was one of Australia’s first after-hours pharmacies and the country's first true discount chemist. The pharmacy has operated here non-stop since 1952, and it’s been an incredible blue-chip asset for our family for over seven decades."
RWC Western Sydney Managing Director Peter Vines said the property’s longevity makes it an exceptional finding for the region.
"Properties like this do not come up," Mr Vines said.
"74 years under a single owner speaks volumes about the calibre of the asset. It’s a very rare opportunity for buyers to secure a site with incredible heritage and an unbeatable footprint."
Situated just 100 metres from Stockland Merrylands and 200 metres from Merrylands Station, the 797sqm landholding sits directly in the heart of Western Sydney’s growth corridor, offering long-term future potential alongside secure, immediate returns.
RWC Western Sydney co-owner and director Joseph Assaf said that guaranteed stability is driving current market appetite.
"The standout feature here is income security," Mr Assaf said.
"Investors are chasing certainty, and a property anchored by an iconic national brand with a secure lease through to 2033 delivers exactly that."
RWC Western Sydney Director Victor Sheu added that the listing is expected to attract widespread interest from across the market.
"Given the location, the strength of the tenant, and the future potential of the site, we anticipate strong interest from local private buyers, interstate investors, and national groups alike," Mr Sheu said.
The property will be auctioned on-site at 185-189 Merrylands Road, Merrylands, on Thursday 27 August 2026 at 11:00 am, if not sold prior.