@StickyRice:Vici Properties enters triple-net lease with Hard Rock for Mirage Hotel & Casino Vici Properties $Vici Properties(VICI)$ has entered into a triple-net lease agreement with Hard Rock International, as part of Hard Rock's acquisition of the operations of the Mirage Hotel & Casino, it said Monday. Under terms of the agreement, Hard Rock rents the Mirage's real property from Vici (VICI). Initial total annual rent under the lease with Hard Rock is $90.0M, with an initial term of 25 years plus three 10-year tenant renewal options. Rent under the lease will increase annually by 2.0% (with escalation of 2.0% or the rate of CPI, whichever is the greatest and subject to a cap of 3.0%, beginning in year 11). The tenant's obligations under the l