If you're a Pecan Square resident—or considering moving to Northlake—we've got exciting news: CVS Pharmacy is building a brand-new location at FM 407 and Gibbs Road, opening summer 2026.
As Hillwood community specialists and top-producing Realtors in this area, we're thrilled to share everything we know about this $4 million development and what it means for Northlake's continued growth.
The Basics: When, Where, and What to Expect
Location
Southwest corner of FM 407 and Gibbs Road in Northlake, TX
This puts CVS approximately:
- Less than 2 miles east of Pecan Square by Hillwood
- About 1 mile east of Cleveland Gibbs Road
- Directly off FM 407, easily accessible from I-35W
- In the heart of Northlake's growing retail corridor
Building Details
- Size: 12,651 square feet
- Investment: $4 million project
- Type: Brand new ground-up construction
- Features: Full-service pharmacy with drive-thru (standard for new CVS locations)
Timeline
- Construction Start: November 2025
- Expected Completion: May 2026
- Anticipated Opening: Summer 2026
Construction is scheduled to begin any day now, with a 6-month build timeline bringing the store online by late spring or early summer 2026.
Why This Matters for Pecan Square & Northlake Residents
Convenience for 3,100+ Families
Pecan Square by Hillwood is nearing completion of approximately 3,100 homes at full buildout. Add in neighboring communities like Harvest (4,000 homes) and Canyon Falls, and you're looking at tens of thousands of residents who will benefit from this nearby pharmacy.
Filling a Critical Gap
Currently, the nearest CVS locations are:
- CVS Argyle (111 FM 407 W) - approximately 3-4 miles west
- CVS Denton - approximately 10+ miles north
For Pecan Square residents living on the eastern side of the community, the new Northlake CVS will be significantly closer—potentially cutting drive time in half for prescription pickups, healthcare needs, and everyday essentials.
Healthcare Access
CVS Pharmacy offers:
- Prescription services with drive-thru pickup
- Immunizations (flu shots, COVID-19 vaccines, etc.)
- Health screenings
- MinuteClinic services (potentially—not confirmed for this location yet)
- Photo services
- Over-the-counter medications and health products
- Convenience items (snacks, beverages, household goods)
Understanding the Location: Gibbs Road
What is Gibbs Road?
Gibbs Road was recently renamed by the Northlake Town Council as part of the split of Cleveland-Gibbs Road.
Here's the geography:
- Cleveland Gibbs Road used to run continuously from I-35W westward
- The road was split and renamed to distinguish the eastern and western sections
- Gibbs Road is the eastern portion closer to I-35W
- The CVS will be at FM 407 & Gibbs Road (southwest corner)
How to Get There from Pecan Square
From Pecan Square's Town Square area:
- Head east on FM 407
- Drive approximately 1.5-2 miles
- CVS will be on your right (southwest corner) at Gibbs Road
Estimated drive time: 3-5 minutes from most Pecan Square addresses
What This Means for Northlake's Development
Retail Follows Rooftops
The fact that CVS is investing $4 million in a new Northlake location is a strong indicator of the area's demographic strength and growth trajectory.
National pharmacy chains like CVS conduct extensive market research before site selection, analyzing:
- Population density
- Household income
- Projected growth rates
- Competition analysis
- Traffic patterns
The green light on this project confirms what we already know: Northlake is one of North Texas's fastest-growing communities with the demographics to support major retail investment.
Part of a Larger Retail Expansion
This CVS is part of Northlake's broader commercial development along the FM 407 corridor:
Existing & Nearby Retail:
- Pecan Square's on-site Town Square amenities
- Quick-service restaurants along FM 407
- Proximity to Alliance Town Center (major retail hub)
- Easy access to Denton, Flower Mound, and Southlake shopping
Future Development:
- Additional retail and dining options along FM 407
- Continued buildout of Pecan Square's commercial spaces
- Infrastructure improvements (road widening, new interchanges)
Real Estate Impact
New retail amenities like CVS directly impact home values by:
- Increasing convenience for residents
- Reducing drive times for everyday needs
- Attracting additional businesses to the area
- Validating the market's strength to potential buyers
For current Pecan Square homeowners, this is great news for long-term property values. For prospective buyers, it's another reason to move to Northlake now—before prices continue climbing.
CVS vs. Other Pharmacy Options in the Area
How Does This Compare?
CVS Northlake (Opening 2026):
- Size: 12,651 sq ft
- Location: FM 407 & Gibbs Road
- Features: New construction, modern layout, drive-thru
- Proximity to Pecan Square: ~2 miles (3-5 min drive)
CVS Argyle (Existing):
- Size: Similar
- Location: 111 FM 407 W (near Argyle proper)
- Proximity to Pecan Square: ~4 miles (8-10 min drive from eastern Pecan Square)
Other Options:
- Walgreens: Locations in Denton, Flower Mound
- Tom Thumb Pharmacy: Coming to Harvest Town Center (Spring 2026)
- Walmart Pharmacy: Multiple locations in Denton, Flower Mound
- Independent pharmacies: Various locations throughout Denton County
Why CVS?
CVS Pharmacy is the largest pharmacy chain in the United States, with benefits including:
- ExtraCare Rewards Program (free, earns discounts on purchases)
- Nationwide locations (convenient when traveling)
- App-based prescription management (refills, delivery options)
- Insurance compatibility (accepts most major insurance plans)
- 24-hour locations (some stores, though not confirmed for Northlake)
- Same-day delivery available in many markets
Construction Timeline & What to Expect
Phase 1: Pre-Construction (Now - November 2025)
- Site preparation
- Permits and approvals finalized
- Utility hookups planned
Phase 2: Foundation & Structure (November 2025 - February 2026)
- Ground clearing and leveling
- Foundation poured
- Building framing erected
- Roof installation
Phase 3: Interior & Systems (February - April 2026)
- Electrical, plumbing, HVAC installation
- Interior walls and finishes
- Pharmacy infrastructure (refrigeration, security, tech systems)
- Flooring, lighting, fixtures
Phase 4: Finishing Touches (April - May 2026)
- Exterior signage
- Parking lot striping and landscaping
- Shelving and merchandising
- Equipment installation
- Final inspections
Phase 5: Opening (May - Summer 2026)
- Hiring and staff training
- Inventory stocking
- Soft opening (possible)
- Grand opening celebration
Expected opening: Late May to early July 2026
Frequently Asked Questions
Q: Will this CVS have a drive-thru pharmacy? A: While not officially confirmed, virtually all new CVS construction includes drive-thru pharmacy service. We expect this location to follow that standard.
Q: Will there be a MinuteClinic at this location? A: MinuteClinic availability has not been confirmed. Not all CVS locations include MinuteClinic services, though many newer, larger stores do.
Q: What will the store hours be? A: Typical CVS store hours are 7 AM - 10 PM or 11 PM daily, with pharmacy hours slightly shorter (often 8 AM - 9 PM). Specific hours for this location will be announced closer to opening.
Q: Will they offer photo services? A: Most CVS locations offer photo printing services, though some newer stores have scaled back this offering. Details will be confirmed at opening.
Q: Can I transfer my prescriptions before they open? A: You can transfer prescriptions to any CVS location now (such as the Argyle CVS), then request a transfer to the Northlake location once it opens.
Q: Will there be any opening day promotions? A: CVS typically offers special promotions and ExtraCare deals for new store openings. Check their website or sign up for ExtraCare to receive notifications.
Q: How does this affect traffic on FM 407? A: The southwest corner location provides easy in-and-out access. While any new business increases traffic, CVS hours are spread throughout the day (not concentrated at peak times like restaurants), minimizing impact on FM 407 congestion.
Q: Is this the only new retail coming to this area? A: No! FM 407 continues to develop with additional retail, dining, and service businesses. Northlake's continued residential growth ensures more commercial development is on the way.
What This Means for Pecan Square Home Values
Amenity Proximity Drives Value
Real estate research consistently shows that homes with convenient access to pharmacies, groceries, and healthcare services command premium prices compared to homes requiring longer drives for these essentials.
For Pecan Square residents, the addition of CVS Northlake means:
- Increased convenience - major quality-of-life improvement
- Reduced vehicle miles - less wear on cars, lower gas costs
- Emergency accessibility - critical for families with young children or elderly relatives
- Future buyer appeal - "pharmacy within 2 miles" is a selling point
Investment Validation
When national chains invest millions in a community, it validates the market's strength to other potential developers and retailers. CVS's $4 million investment signals confidence in Northlake's demographics, which often leads to:
- Additional retail tenants
- Restaurant chains entering the market
- Service businesses (banks, cleaners, salons) following
- Rising property values as amenities increase
Comparative Market Analysis
Looking at similar Hillwood communities:
- Harvest by Hillwood (Argyle): Benefits from nearby CVS Argyle + Harvest Town Center retail development
- Frisco Station: Massive amenity growth drove property values up 15-20% faster than surrounding areas
- Alliance Town Center: Retail density created one of North Texas's most valuable corridors
Pecan Square is following a similar trajectory, with CVS Northlake as another important milestone.
Why We're Excited (A Realtor's Perspective)
As the top-producing Hillwood Realtor team for two consecutive years and specialists in Pecan Square, we're thrilled about this development for several reasons:
1. It Completes the "Essentials Triangle"
Every master-planned community needs three core amenities within close proximity:
- ✅ Groceries: Tom Thumb at Harvest Town Center (3 miles west) opening Spring 2026
- ✅ Pharmacy: CVS Northlake (2 miles east) opening Summer 2026
- ✅ Emergency Services: Nearby hospitals and urgent care facilities
Pecan Square now has all three within a 5-mile radius, making it a truly complete, self-sufficient community.
2. It Removes a Common Objection
When showing Pecan Square homes to out-of-state buyers, we occasionally hear: "Where's the nearest pharmacy?"
The Argyle CVS answer (4 miles) was fine, but not ideal for eastern Pecan Square addresses. Now, we can confidently say: "CVS is 2 miles away, opening summer 2026, with Tom Thumb pharmacy also nearby at Harvest Town Center."
This removes a friction point and makes Pecan Square even more attractive to relocating families.
3. It Proves Our Market Predictions
We've been telling clients for two years: "Buy in Northlake now—the retail amenities are coming."
CVS Northlake, Tom Thumb at Harvest Town Center, Chuy's at Harvest Town Center, and ongoing FM 407 development prove we were right. Early buyers are already seeing significant appreciation, and this trend will continue.
4. It Enhances Our Client Experience
For our Pecan Square homeowner clients, CVS Northlake means:
- Easier prescription management for families
- Better resale value when they decide to move
- Improved quality of life today
That's a win-win-win.
Pecan Square by Hillwood: A Quick Overview
If you're new to the area or researching Northlake communities, here's why Pecan Square continues to be one of our top recommendations:
Award-Winning Community
- 2021 People's Choice Community of the Year (NAHB)
- 2025 Gold Award Master-Planned Community (NAHB)
The Town Square
Pecan Square's centerpiece features:
- Jackson Hall: Fitness center, game room, pools
- The Greeting House: Co-working space, Amazon Hub lockers
- The Arena: 22,000 sq ft event pavilion with sports courts
Schools
- Northwest ISD: Top-rated school district
- Johnie Daniel Elementary: On-site, currently open
- Barksdale Middle School: On-site, opening August 2026
Builders (9 Premier Builders)
American Legend, Coventry, David Weekley, Drees, D.R. Horton, Highland, M/I, Perry, Tri Pointe
Home Prices
Mid-$400s to $1M+ across various lot sizes (40', 50', 60', 70', 100')
Community Size
1,200 acres, approximately 3,100 homes at buildout
Location
1 mile west of I-35W off FM 407, Northlake/Denton County
How CVS Fits Into Northlake's Vision
A Complete Community
Northlake's Town Council has worked diligently to ensure the community develops holistically—not just homes, but the infrastructure and amenities to support them.
CVS Northlake represents:
- Smart planning: Retail strategically placed along FM 407 corridor
- Resident-focused development: Healthcare access prioritized
- Economic growth: Tax revenue to fund schools, roads, services
- Quality of life: Convenience that makes Northlake feel like home
Infrastructure Improvements
To support this growth, Northlake and Denton County are investing in:
- FM 407 widening (four lanes from FM 1830 to Highway 156)
- New I-35W interchange at Cleveland Gibbs Road
- Traffic signal improvements at major intersections
- Sidewalks and trails connecting residential to retail
CVS Northlake will benefit from these improvements, with easier access once road projects are complete.
Comparing CVS Northlake to Tom Thumb at Harvest Town Center
Both opening in 2026, these two projects complement each other perfectly:
CVS Northlake (FM 407 & Gibbs Road)
- Focus: Pharmacy, healthcare, convenience items
- Size: 12,651 sq ft
- Opening: Summer 2026
- Best for: Prescriptions, health needs, quick trips
- Location advantage: Eastern Pecan Square, Northlake proper
Tom Thumb at Harvest Town Center (FM 407 & I-35W)
- Focus: Full-service grocery, pharmacy, Starbucks
- Size: 63,000 sq ft
- Opening: Spring 2026
- Best for: Weekly grocery shopping, pharmacy, coffee
- Location advantage: Western Pecan Square, Harvest, Argyle
The Perfect Pairing
Pecan Square residents now have:
- Pharmacy options: CVS (east), Tom Thumb Pharmacy (west)
- Grocery options: Tom Thumb (west), plus Kroger/Walmart in surrounding areas
- Coffee options: Tom Thumb Starbucks, plus Harvest Town Center options
- Convenience: Both within 5 minutes of most Pecan Square addresses
This dual development creates redundancy and choice—exactly what a mature, complete community needs.
Investment Opportunity: Why Buy in Pecan Square Now
The Window is Closing
With CVS confirmed, Tom Thumb opening, and continued buildout of Pecan Square, home prices will continue climbing. Here's why now is the time to buy:
1. Pre-Amenity Pricing
- CVS and Tom Thumb haven't opened yet
- Current buyers get "before" prices with "after" amenities coming
- Once fully operational, expect 5-10% appreciation bump
2. Builder Inventory
- Several builders still have available lots and quick move-in homes
- Some offering year-end incentives and rate buydowns
- Lot selection narrows as community fills in
3. New Construction Advantages
- Modern floorplans designed for today's lifestyle
- Energy-efficient construction (lower utility bills)
- Warranty coverage and builder support
- No maintenance surprises (everything is new)
4. Northwest ISD
- Consistently top-rated school district
- On-site elementary and middle school (walkable for many homes)
- High school and stadium complex planned
5. Appreciation Trajectory
- Pecan Square homes have appreciated 15-25% since initial sales
- Continued retail development will drive further appreciation
- Limited supply (finite number of lots) + strong demand = rising values
How We Can Help
As Hillwood community specialists and the top-producing Pecan Square Realtor team, we offer:
Unmatched Local Expertise
- We know every builder, every floorplan, every lot
- We track inventory daily and know what's available before it hits MLS
- We've helped dozens of families find their perfect Pecan Square home
Insider Access
- Pre-construction opportunities
- Builder relationships for better incentives
- Lot selection strategy (which lots have best views, privacy, location)
Comprehensive Service
- New construction guidance: Navigating the builder process, selections, upgrades
- Resale listings: If you prefer a pre-owned home with landscaping and upgrades done
- Market analysis: Current values, pricing trends, investment potential
- School zoning: Ensuring you're in the right attendance zones
Personal Experience
We live in the area and genuinely love these communities. Our mission: Help you love where you live and profit when you leave.
Stay Updated on CVS Northlake Construction
Want to track CVS Northlake's progress and stay informed about other Northlake developments?
Follow us:
- YouTube: @wheretoliveintexas
- Sign Up for Our Newsletter: click this link
- Website: MirandaRealty.Team
- Email: [email protected]
- Phone: 940.577.2051
We'll be sharing:
- Construction progress photos
- Updated timelines
- Grand opening announcements
- Other Pecan Square and Northlake news
Final Thoughts
CVS Pharmacy's decision to invest $4 million in a new Northlake location is more than just another retail opening—it's confirmation that Northlake has arrived as a complete, thriving community with the population and purchasing power to support major national brands.
For current Pecan Square residents, this means enhanced convenience and rising property values.
For prospective buyers, it's another compelling reason to choose Pecan Square now—before prices reflect the full value of these amenities.
From awards and amenities to schools and shopping, Pecan Square by Hillwood continues to deliver on its promise of small-town Texas charm with modern convenience.
And with CVS opening summer 2026, picking up your prescriptions just got a whole lot easier.
Love where you live. Profit when you leave.
—Paige & Edson Miranda
Miranda Realty Team
Your Pecan Square & Northlake Specialists
Quick Facts
| Detail | Information |
|---|---|
| Business | CVS Pharmacy |
| Location | Southwest corner FM 407 & Gibbs Road, Northlake, TX |
| Building Size | 12,651 square feet |
| Project Cost | $4 million |
| Construction Start | November 2025 |
| Expected Completion | May 2026 |
| Anticipated Opening | Summer 2026 (late May - early July) |
| Distance from Pecan Square | Approximately 2 miles (3-5 min drive) |
| Drive-Thru | Expected (standard for new CVS locations) |
| Services | Pharmacy, prescriptions, immunizations, health screenings, retail |
| Nearest Existing CVS | CVS Argyle - 111 FM 407 W (3-4 miles west) |
About Miranda Realty Team
Paige and Edson Miranda are the husband-wife real estate team behind Miranda Realty Team, specializing in Hillwood Communities and the Alliance Texas corridor. As the top-producing Hillwood Realtor team for two consecutive years (2024 & 2025), they bring unparalleled local expertise to buyers and sellers throughout Northlake, Argyle, Justin, and Denton.
Our Mission: Help you love where you live and profit when you leave.
Our Approach: Spirit-led counsel and straight talk, with no fluff.
Our Specialties:
- Pecan Square by Hillwood (Northlake)
- Harvest by Hillwood (Argyle/Northlake)
- Treeline by Hillwood (Justin)
- Landmark by Hillwood (Denton)
- First-time homebuyers and out-of-state relocations
Contact Us:
- Phone: 940.577.2051
- Email: [email protected]
- Website: MirandaRealty.Team
Related Resources
- Pecan Square by Hillwood: Complete Community Guide
- Harvest by Hillwood: An Insider's Guide
- Tom Thumb Coming to Harvest Town Center
- Chuy's Opening at Harvest Town Center
- Landmark By Hillwood: Complete Guide to Denton's $10B Master-Planned Community
- Alliance Network: 5 Things Shaping North Texas
Last Updated: December 23, 2025
Construction timeline and dates subject to change. Check back for updates as opening approaches.
