Correct.
The sentence:
Juan camina a la escuela rápidamente
is given in the simple present tense. This tense is used to talk about habitual actions or routines. It's also used to describe things that happen now or in the near future. Hence camina is the conjugation of the verb caminar (to walk) that matches the third person in the simple present. On the other hand, rápidamente is an adverb and escuela a noun that means school.